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Company A had the following account balances at the end of its fiscal year: Cost of goods sold = $212,400 Freight-out = $7,000 Insurance expense
Company A had the following account balances at the end of its fiscal year: Cost of goods sold = $212,400 Freight-out = $7,000 Insurance expense = $6,000 Salaries and wages expense = $58,000 Rent expense = $32,000 Sales discounts = $7,000 Sales returns and allowances = $13,000 Sales revenue = $380,000 Company A's net income for the period is $ ___________.
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