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In its income statement for the year ended December 31, 2017, Marin Inc. reported the following condensed data. Operating expenses $739,500 Interest revenue Cost of

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In its income statement for the year ended December 31, 2017, Marin Inc. reported the following condensed data. Operating expenses $739,500 Interest revenue Cost of goods sold1,281,120 Loss on disposal of plant assets Interest expense ncome tax expense 47,940 Other comprehensive income (net of $1,220tax) 8,470 33,660 17,340 2,244,000 71400 Net sales

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