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7. Given the income statement data, calculate net income (EAT): sales-$3000, cost of goods sold=$1700, sales, general, and administrative expenses $300, depreciation=$200, interest expense-$100, tax=40%.

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7. Given the income statement data, calculate net income (EAT): sales-$3000, cost of goods sold=$1700, sales, general, and administrative expenses $300, depreciation=$200, interest expense-$100, tax=40%. A) $420 B) $330 C) $300 D) $360

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