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A company's income statement shows the following information:
Sales Revenue: $3,200,000
Cost of Goods Sold: $1,500,000
Operating Expenses: $800,000
Interest Expense: $100,000
Income Tax Expense (tax rate: 30%): $400,000
What is the Gross Profit?
a) $1,700,000
b) $2,200,000
c) $2,700,000
d)$2,000,000

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