The following information is available from the accounting records of Spenser Co. for the year ended December 31, 2013:

Selling, general, and administrative expenses	$	56,100
Accounts payable		93,500
Extraordinary gain from lawsuit settlement, net of tax expense of $30,800		114,400
Research and development expenses		40,700
Loss from discontinued operations, net of tax savings of $5,500		17,600
Provision for income taxes		81,400
Net sales		636,900
Interest expense		70,400
Net cash provided by operations		162,800
Cost of goods sold		299,200

A. Calculate the operating income for Spenser Co. for the year ended December 31, 2013.

B. Calculate the operating income for Spenser Co. for the year ended December 31, 2013.

a.