The following information is avallable from the accounting records of Spenser Company for the year ended December :
Selling, general, and administrative expenses
Accounts payable
Research and development expenses
Loss from discontinued operations, net of tax savings of $
Provision for income taxes
Net sales
Interest expense
Net cash provided by operations
cost of goods sold
$
Requlred:
a Calculate the operating income for Spenser Company for the year ended December
b Calculate the company's net Income for
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Calculate the operating income for Spenser Company for the year ended December