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LAPSCO Lighting, Inc. had a gross profit of $234,000 for the last twelve- month period. Operating expenses were $185,000. What was LAPSCO's net income before

LAPSCO Lighting, Inc. had a gross profit of $234,000 for the last twelve- month period. Operating expenses were $185,000. What was LAPSCO's net income before taxes? $419,000 O $234,000 $49,000 $41,000

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