Using the following values, calculate Net Income. (Round your answer to the nearest dollar. Enter your answer with no dollar sign and no comma.)

Accounts Receivable 200

Accumulated depreciation 205

Cost of Goods Sold 190

Depreciation Expense 70

Administrative Expense 40

Interest Expense 115

Preferred Stock Dividends 10

Sales 1,100

Stockholders Equity 265

Taxes 22%

Your Answer:

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