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A company reports the following for the year: Sales Revenue: $ 8 0 0 , 0 0 0 Cost of Goods Sold: $ 5 5

A company reports the following for the year:
Sales Revenue: $800,000
Cost of Goods Sold: $550,000
Operating Expenses: $150,000
Interest Expense: $20,000 The company's net income for the year is _____________.
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