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help! QUESTION 2 Mamas Entertainment, Inc., has sales of $586,000, costs (.e., COGS and SG&A) of $ 247,000, depreciation expenses of $43,000, interest expenses of
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QUESTION 2 Mamas Entertainment, Inc., has sales of $586,000, costs (.e., COGS and SG&A) of $ 247,000, depreciation expenses of $43,000, interest expenses of $32,000, and a average tax rate of 35 percent. (1) What is the company's income taxes payable? (2) Compute the net income for this company? (1) $296,000 (2) $264,000 (1) $296,000 (2) $171,600 (1) $92,400 (2) $171,600 (1) $92,000 (2) $264,000 (1) $103,600 (2) $160,400Step by Step Solution
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