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Various items from the Perril Company's Income statement for the year ending December 31, 2005 are listed below: Interest expense = 68 Depreciation = 50

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Various items from the Perril Company's Income statement for the year ending December 31, 2005 are listed below: Interest expense = 68 Depreciation = 50 Taxes = 40 Dividends paid = 15 Beginning inventory = 142 Gross sales = 885 Materials purchases = 593 Operating expenses (excluding depreciation) = 102 Returns and allowances = 61 Ending inventory = 116 Compute Net income (Record your answer without a dollar sign, without commas, without spaces and if your answer is negative, put a minus sign (i.e., -) before your answer with no spaces between the minus sign and the number)

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