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Pharrell, Inc., has sales of $591,000, costs of $267,000, depreciation expense of $68,000, interest expense of $35,000, and a tax rate of 30 percent. What

Pharrell, Inc., has sales of $591,000, costs of $267,000, depreciation expense of $68,000, interest expense of $35,000, and a tax rate of 30 percent. What is the net income for this firm? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

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