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

Selling, general, and administrative expenses

Accounts payable

Research and development expenses

Loss from discontinued operations, net of tax savings of $$8,000$

Provision for income taxes

Net sales

Interest expense

Net cash provided by operations

cost of goods sold

$$106,000$

$170,000$

$77,000$

$24,000$

$35,000$

$948,000$

$97,000$

$296,000$

$521,000$

Requlred:

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

b$.$ Calculate the company's net Income for $2022.$

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

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