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Edwards Electronics recently reported $12,000 of sales, $5,000 of operating costs other than depreciation, and $1,250 of depreciation. The company had no amortization charges, it

Edwards Electronics recently reported $12,000 of sales, $5,000 of operating costs other than depreciation, and $1,250 of depreciation. The company had no amortization charges, it had $3,500 of bonds that carry a 4.30% interest rate, and its federal-plus-state income tax rate was 35%. How much was its net income?

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