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Centennial Brewery produced sales of $1,385,000 in 2014. It has $804,000 costs of goods sold, $133,000 depreciation, and $86,000 interest expenses. It pays a 34
Centennial Brewery produced sales of $1,385,000 in 2014. It has $804,000 costs of goods sold, $133,000 depreciation, and $86,000 interest expenses. It pays a 34 percent tax. What is the firms net income?
Do not include the $ sign or comma, and round it to a whole dollar, e.g., 2211450 (for $2,211,450).
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