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Question 3 (6 points) Sammy's Shovels had sales of $ 89,179 in 2010. The cost of goods sold was $ 32,873, operating expenses (excluding depreciation)

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Question 3 (6 points) Sammy's Shovels had sales of $ 89,179 in 2010. The cost of goods sold was $ 32,873, operating expenses (excluding depreciation) were $ 12,994, interest expenses were $ 3,972, depreciation expense was $ 6,781, and dividends paid were $ 4.098. The firm's tax rate is 22 percent. What did Sammy's Shovels report as net income (or, net profit) in 2010

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