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Griffin's Goat Farm, Incorporated, has sales of $ 6 2 4 , 0 0 0 , costs of $ 4 0 5 , 0 0

Griffin's Goat Farm, Incorporated, has sales of $624,000, costs of $405,000, depreciation expense of $40,000, interest expense of $29,000, and a tax rate of 22 percent. What is the net income for this firm?
Multiple Choice
$186,000
$157,000
$117,000
$12,720
$146,000

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