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Given the information below, calculate the interest expense for Hour-by-Hour Processing Incorporated who are in the 21% tax bracket: A) Net Sales: $1,305,000 B) Gross
Given the information below, calculate the interest expense for Hour-by-Hour Processing Incorporated who are in the 21% tax bracket:
A) Net Sales: $1,305,000
B) Gross Profits: $378,675
C) Other Operating Expenses: $122,878
D) Depreciation Expense: $135,800
E) Dividends to preferred and common shareholders: $325,355
F) Addition to retained earnings: $162,285.
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