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Suppose Hopewell Corporation has the following revenue and expenses for 2018: Revenues of $6,400,000 Cost of Goods Sold of $1,280,000 Depreciation Expenses of $1,100,000 Income

Suppose Hopewell Corporation has the following revenue and expenses for 2018:

Revenues of $6,400,000

Cost of Goods Sold of $1,280,000

Depreciation Expenses of $1,100,000

Income Taxes of $1,080,000

Interest Expenses of $80,000

Other Expenses of $600,000

Sales, General, & Administrative Expenses of $640,000

Create an income statement with amounts in thousands

What is the value of Profit?

Please specify your answer in the same units as the income statement.

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