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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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