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ABC Inc. has sales of $601,000, costs of $257,000, depreciation expense of $63,000, interest expense of $30,000, and a tax rate of 35 percent. What

ABC Inc. has sales of $601,000, costs of $257,000, depreciation expense of $63,000, interest expense of $30,000, and a tax rate of 35 percent. What is the net income for this firm?

None of the above

$163,150

$204,100

$182,650

$223,600

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