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Question 7 (3 points) Centennial Brewery produced sales of $1,387,000 in 2020. It has $823,000 costs of goods sold, $148,000 depreciation, and $74,000 interest expenses.
Question 7 (3 points) Centennial Brewery produced sales of $1,387,000 in 2020. It has $823,000 costs of goods sold, $148,000 depreciation, and $74,000 interest expenses. It pays a 34 percent tax. What is the firm's net income? Do not include the $ sign or comma, and round it to a whole dollar, e.g., 2211450 (for $2,211,450). Your
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