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Holly Farms has sales of $674,585, costs of $474,586, depreciation expense of $26,787, and interest paid of $7,118. The tax rate is 40 percent. How

Holly Farms has sales of $674,585, costs of $474,586, depreciation expense of $26,787, and interest paid of $7,118. The tax rate is 40 percent. How much net income did the firm earn for the period?

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