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The following information is provided about NY Company: income from operations $430,000, loss on inventory write-downs $12,000, selling expenses $62,000, and interest expense $20,000. The

The following information is provided about NY Company: income from operations $430,000, loss on inventory write-downs $12,000, selling expenses $62,000, and interest expense $20,000. The tax rate is 30%. Determine net income.

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