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ABC Co. provides the following information: net sales = 421,000; operating expenses = 250,000; cost of goods sold = 120,000; interest expense = 31,000; gain
ABC Co. provides the following information: net sales = 421,000; operating expenses = 250,000; cost of goods sold = 120,000; interest expense = 31,000; gain on sale of machinery = 12,000; income tax expense = 14,000. The operating income of ABC Co. is
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