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Builtrite had sales of $ 5 , 5 0 0 , 0 0 0 . COGS totaled $ 1 , 4 0 0 , 0

Builtrite had sales of $5,500,000. COGS totaled $1,400,000.
Operating expenses were $1,100,000 and interest expense was $335,000. Stock purchased for $37,500 was sold 15 months later for $30,500. Management paid a $500,000 common stock dividend and a $180,000 preferred stock dividend. Builtrite also received $50,000 in dividend income. What is Builtrite's taxable income?
01985000
2658000
02665000
O 2715000
2680000

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