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please show me to steps In 2015 J. Peterman Inc. incurred the following:(6 points) oSales of $5.25 million oCost of goods sold of $3.2 million
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In 2015 J. Peterman Inc. incurred the following:(6 points)
oSales of $5.25 million
oCost of goods sold of $3.2 million
oOperating expenses of $1.2 million
oInterest expenses of $502,000
oDividend Income of $33,000
oPaid off $1.5 million in debt
oPaid common stock dividends of $175,000
oPaid a preferred stock dividend of $125,000
a.What was J. Petermans taxable income in 2015?
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