Canel Company had $950 000 in profit for the recent accounting period. Income tax expense was $225
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Canel Company had $950 000 in profit for the recent accounting period. Income tax expense was $225 LO1. 000. Interest expense was $100 000. Sales were $2 500 000 and cost of sales was 40% of sales. Administrative expenses were $75 000. What were the sales and marketing expenses?
a. $25 000
b. $150 000
c. $1 025 000
d. Cannot be determined from the information given LO1.
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