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Industries had the following operating results for 2015: sales = $29,033; cost of goods sold = $16,149; depreciation expense = $4,822; interest expense = $2,125;
Industries had the following operating results for 2015: sales = $29,033; cost of goods sold = $16,149; depreciation expense = $4,822; interest expense = $2,125; dividends paid = $1,561. At the beginning of the year, net fixed assets were $18,648, current assets were $5,554, and current liabilities were $3,275. At the end of the year, net fixed assets were $20,429, current assets were $7,196, and current liabilities were $3,802. The tax rate for 2015 was 33 percent. What is net income for 2015?
(round to nearest dollar amount)
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