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The Callie Company has provided the following information: Operating expenses were $240,000; Cost of goods sold was $370,000; Net sales were $900,000; Interest expense was

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The Callie Company has provided the following information: Operating expenses were $240,000; Cost of goods sold was $370,000; Net sales were $900,000; Interest expense was $43,000; Gain on sale of a building was $80,000; Income tax expense was $130,800 What was Callie's gross profit? O $530,000. O $197000. O $160.000. O $290.000

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