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Calculate the operating income for spenser co

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Reference no: EM132461954

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

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

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

Question b. Calculate the company's net Income for 2019.

Reference no: EM132461954

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