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19 value: 5.00 points Husain, Inc.'s income statement and other financial information for the current year is presented below Hussain, Inc. Income Statement For the

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19 value: 5.00 points Husain, Inc.'s income statement and other financial information for the current year is presented below Hussain, Inc. Income Statement For the year ended December 31 Sales revenue Cost of goods sold $214,131 75,360 Gross profit Selling, general & administrative expenses 138,771 14,135 Operating income Interest expense 124,636 4,497 Income before taxes Income tax expense 120,139 4,514 Net income $115,625 Balance sheet information Current assets Noncurrent assets Current liabilities Long-term debt $255,500 511,000 61,000 122,000

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