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The following information is provided. Sales revenue Gain on sale of plant assets Selling and administrative expenses Cost of goods sold Interest expense Income tax

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The following information is provided. Sales revenue Gain on sale of plant assets Selling and administrative expenses Cost of goods sold Interest expense Income tax rate HK$128,000 38,400 12,800 70,400 6,400 20 % Determine (a) Income from operations HK$ (b) Income before income tax HK$ (c) Net income HK$

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