The following information is available from the accounting records of Manahan Co. for the year ended December 31, 2019:

Net cash provided by financing activities	$	106,000
Dividends paid		18,700
Loss from discontinued operations, net of tax savings of $38,667		116,000
Income tax expense		27,668
Other selling expenses		11,500
Net sales		646,400
Advertising expense		45,500
Accounts receivable		59,100
Cost of goods sold		368,448
General and administrative expenses		141,900

Required:

a. Calculate the operating income for Manahan Co. for the year ended December 31, 2019.

b. Calculate the company's net income for 2019.