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During the year, net sales were $129,000; gross profit was $52,000; net income was $21,000; income tax expense was $5,200; and selling, general, and administrative
During the year, net sales were $129,000; gross profit was $52,000; net income was $21,000; income tax expense was $5,200; and selling, general, and administrative expenses were $23,000.
Required: Calculate cost of goods sold, income from operations, income before taxes, and interest expense.
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