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Selling, general, and administrative expenses were $72,000; net sales were $327,000; interest expense was $7,700; research and development expenses were $33,900; net cash provided by
Selling, general, and administrative expenses were $72,000; net sales were $327,000; interest expense was $7,700; research and development expenses were $33,900; net cash provided by operating activities was $85,200; income tax expense was $8,200; cost of goods sold was $178,200. Required: a. Calculate operating income for the period. Operating expenses:
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