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During 2 0 2 2 , the company expects sales of $ 8 , 5 0 0 and a gross margin ( = ( sales

During 2022, the company expects sales of $8,500 and a gross margin (=(sales-cost-of-goods-sold) sales) of 12%; selling, general and administrative expenses are expected to be $100. Depreciation is expected to equal $400 and interest charges will equal $220. Corporate taxes equal 20% of taxable income. What is the expected net income for 2022?
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