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Katie is working on the income statement for her father's tailor shop. For this month he has revenue of $6,400. His rent on the shop

Katie is working on the income statement for her father's tailor shop. For this month he has revenue of $6,400. His rent on the shop is $600, and he paid $200 in utilities. What is the net income for Katie's father's business? Select answer from the options below $6,200 $7,000 $5,600 $7,200

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