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Suppose Lightspeed Industries has the following revenue and expenses for 2018: Revenues of $9,800,000 Cost of Goods Sold of $1,960,000 Depreciation Expenses of $800,000 Income
Suppose Lightspeed Industries has the following revenue and expenses for 2018:
Revenues of $9,800,000
Cost of Goods Sold of $1,960,000
Depreciation Expenses of $800,000
Income Taxes of $2,196,000
Interest Expenses of $170,000
Other Expenses of $400,000
Sales, General, & Administrative Expenses of $980,000
Create an income statement with amounts in thousands
What is the value of Pre-Tax Income?
Please specify your answer in the same units as the income statement.
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