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A company reported gross profit of $ 2 0 million in 2 0 1 8 . In addition, it recorded the following activities: Sales and

A company reported gross profit of $20 million in 2018. In addition, it recorded the following activities:
Sales and marketing expenses were $5 million.
Interest income was $2 million.
Sold equipment for $5 million that had a net book value of $9 million.
$3 million in preferred stock issuance.
Companys tax rate is 40%.
Calculate the companys net income.

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