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The January 2011 income statement for the clothing division of Red Stone Store Company is as follows: Sales $445,000 Operating expenses 270,000 Net operating income

The January 2011 income statement for the clothing division of Red Stone Store Company is as follows: Sales $445,000 Operating expenses 270,000 Net operating income 175,000 Interest expense 35,000 Earnings before taxes 140,000 Tax expense (30%) 42,000 Net Income $98,000 How much is net operating profit after taxes?

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