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Assume a 0% tax rate for this problem. Company reports the following items for the current year. Sales revenue $420,000 Cost of goods sold 280,000

Assume a 0% tax rate for this problem. Company reports the following items for the current year.

Sales revenue

$420,000

Cost of goods sold

280,000

Operating expenses

35,000

Unrealized holding gain on securities- considered to be other comprehensive income

13,000

What amounts will be reported as the following items in the current year?

  1. Gross margin
  2. Net income
  3. Comprehensive income

Note- these are numbers from the financial statements, not ratios. Do not add any punctuation to your answers.

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