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Newhouse Auto Supply has sales of $493,412 with costs of $260,678. Interest expense is $26,000 and depreciation is $42,000. The tax rate is 20 percent.

Newhouse Auto Supply has sales of $493,412 with costs of $260,678. Interest expense is $26,000 and depreciation is $42,000. The tax rate is 20 percent.

What is the net income?

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