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During 2019, Sill Enterprises earned sales revenues of $59,000 and interest revenue of $3,500 . Its expenses were as follows: cost of goods sold of

During 2019, Sill Enterprises earned sales revenues of $59,000 and interest revenue of $3,500 . Its expenses were as follows: cost of goods sold of $29,500, selling expenses of $3,000, general and administrative expenses of $8,000, interest expenses of $1,000 and a loss on the sale of equipment of $2,000. Sill Enterprises' net income is

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