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Caraxes, Inc. reported a sales margin of 5%, a capital turnover of 6.01, and sales revenue of $56,000. The company's income was: (Do not round

Caraxes, Inc. reported a sales margin of 5%, a capital turnover of 6.01, and sales revenue of $56,000. The company's income was: (Do not round intermediate calculations. Round the final answer to two decimal places.)

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