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The following information relates to Marshall Manufacturing's current accounting period: Raw materials used $ 18,000 Direct labor wages 34,000 Sales salaries and commissions 26,000 Depreciation
The following information relates to Marshall Manufacturing's current accounting period:
Raw materials used | $ 18,000 |
---|---|
Direct labor wages | 34,000 |
Sales salaries and commissions | 26,000 |
Depreciation on production equipment | 3,100 |
Rent on manufacturing facilities | 4,100 |
Administrative supplies and utilities | 6,000 |
Sales revenue | 115,000 |
Units produced | 5,000 |
Units sold | 5,000 |
Based on this information, what is the company's net income? (Do not round intermediate calculations.)
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