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During the year, cost of goods sold was $58,000; income from operations was $56,000; income tax expense was $9,800; interest expense was $7,800; and selling,
During the year, cost of goods sold was $58,000; income from operations was $56,000; income tax expense was $9,800; interest expense was $7,800; and selling, general, and administrative expenses were $40,000. Required: Calculate net sales, gross profit, income before taxes, and net income
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