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Swanson's Baking, 12/31/2020 Income Statement Amount Depreciation $19,900 Interest paid $7800 Cost of goods sold & other operating costs $205.768 Net sales $281.342 Assume that

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Swanson's Baking, 12/31/2020 Income Statement Amount Depreciation $19,900 Interest paid $7800 Cost of goods sold & other operating costs $205.768 Net sales $281.342 Assume that the firm pays an average tax rate of 22% what is the firm's net income? Select one: $55,674 0 $37.342 $43 426 $47 874 0 $10,532

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