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Use the following information: Gross profit 3,900,000 Loss on sale of investments 10,000 Interest expense 7,500 Gain on sale of discontinued operations 30,000 Income tax

Use the following information:

Gross profit 3,900,000
Loss on sale of investments 10,000
Interest expense 7,500
Gain on sale of discontinued operations 30,000
Income tax rate 20%

Compute the total amount of income tax expense experienced by the company.

782,500

800,000

1,005,000

765,000

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