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2. Determinethe the net income of a company for which the following information is available for the month of May. Employee salaries expense...... $180,000 Interest

2. Determinethe the net income of a company for which the following information is available for the month of May.

Employee salaries expense...... $180,000

Interest expense...................... 10,000

Rent expense........................... 20,000

Consulting revenue................... 400,000

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