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Consider the following information for BIC Corp. Selling & Administrative expense $40,000 Depreciation expense 70,000 Sales 350,000 Interest expense 30,000 Cost of goods sold 110,000

Consider the following information for BIC Corp.

Selling & Administrative expense $40,000

Depreciation expense 70,000

Sales 350,000

Interest expense 30,000

Cost of goods sold 110,000

Taxes 17,500

What is the operating profit for BIC Corp.? Show your work.

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