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During the year, net sales were $250,000; gross profit was $100,000, net income was $40,000; income was $40,000; income tax expense was $10,000; and selling,
During the year, net sales were $250,000; gross profit was $100,000, net income was $40,000; income was $40,000; income tax expense was $10,000; and selling, general, and administrative expenses were $44,000. Calculate the cost of goods sold, income from operations, income before taxes, and interest expense.
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