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What will be the net income before taxes for fiscal year: Total operating revenues is $40,000, operating expenses and costs $25,000, investment income $2,000, and

What will be the net income before taxes for fiscal year:

Total operating revenues is $40,000, operating expenses and costs $25,000, investment income $2,000, and research expenses $4,000.

$50,000

$20,000

$22,000

$13,000

$24,000

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