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Lemon Auto Wholesalers had sales of $ 1 , 0 0 0 , 0 0 0 last year, and cost of goods sold represented 7

Lemon Auto Wholesalers had sales of $1,000,000 last year, and cost of goods sold represented 78 percent of sales. Selling and administrative expenses were 12 percent of sales. Depreciation expense was $11,000 and interest expense for the year was $8,000. The firm's tax rate is 30 percent.
a. Compute earnings after taxes.
Note: Input all your answers as positive values.
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