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Thompson Company had net sales of $115,000. The cost of goods sold was $43,000, operating expenses was $19,000, and there was a gain on sale

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Thompson Company had net sales of $115,000. The cost of goods sold was $43,000, operating expenses was $19,000, and there was a gain on sale of an asset of $6,000. If the income tax rate is 45%, what is the income from continuing operations for the period? A. $53,000 B. $59,000 C. $26,550 D. $32,450

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