The following information is available from the accounting records of Spenser Company for the year ended December 31, 2022:

Selling, general, and administrative expenses	$ 45,900
Accounts payable	76,500
Research and development expenses	33,300
Loss from discontinued operations, net of tax savings of $4,500	14,400
Provision for income taxes	66,600
Net sales	521,100
Interest expense	57,600
Net cash provided by operations	133,200
Cost of goods sold	244,800

Required:

1. Calculate the operating income for Spenser Company for the year ended December 31, 2022.
2. Calculate the company's net income for 2022.

Complete this question by entering your answers in the tabs below.

• Required A
• Required B

Calculate the operating income for Spenser Company for the year ended December 31, 2022.

SPENSER COMPANY
Operating Income Statement
For the year ended December 31, 2022
Net sales
Cost of goods sold
Gross profit		$0
Expenses:
Selling, general, and administrative expenses
		0
		$0

• Required A

Complete this question by entering your answers in the tabs below.

• Required A
• Required B

Calculate the company's net income for 2022.

Caculate the companys net income for 2022