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During 2016, Wu Han Co. generated revenues of $100,000. The companys expenses were as follows: cost of goods sold of $47,000, operating expenses of $18,000

During 2016, Wu Han Co. generated revenues of $100,000. The companys expenses were as follows: cost of goods sold of $47,000, operating expenses of $18,000 and a loss on the sale of equipment of $5,000. Wu Hans income from operations is

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