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When total sales are $600,000, Deerfield, Inc. has a contribution margin of $200,000 and fixed costs are $220,000. What is the company's net income (loss)

When total sales are $600,000, Deerfield, Inc. has a contribution margin of $200,000 and fixed costs are $220,000. What is the company's net income (loss) if it can achieve $700,000 in sales?

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