82.  

Company ABC's financial data for the year includes Sales Revenue of $500,000, Cost of Goods Sold of $200,000, Operating Expenses of $100,000, Interest Expense of $20,000, and Income Tax Expense of $50,000. Calculate the net income for Company ABC and elucidate the calculation process.

To compute the net income for Company ABC, we begin with the total sales revenue and then deduct the cost of goods sold and operating expenses to arrive at the gross profit. Subsequently, we subtract interest expenses and income tax expenses from the gross profit. The resulting figure represents the net income for Company ABC after accounting for all expenses and taxes.