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2 0 1 8 Cost of goods sold $ 3 , 2 1 0 Interest 2 1 5 Dividends 1 6 0 Depreciation 3 7

2018
Cost of goods sold $3,210
Interest 215
Dividends 160
Depreciation 375
Change in retained earnings 360
Tax rate 35%
What is the taxable income for 2018?
$800
$360
$520
$640
$780

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