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You have been given the following information for Moores HoneyBee Corp.: Net sales = $49,000,000. Gross profit = $19,900,000. Other operating expenses = $3,900,000. Addition

You have been given the following information for Moores HoneyBee Corp.:

  1. Net sales = $49,000,000.

  2. Gross profit = $19,900,000.

  3. Other operating expenses = $3,900,000.

  4. Addition to retained earnings = $5,900,000.

  5. Dividends paid to preferred and common stockholders = $2,300,000.

  6. Depreciation expense = $2,050,000.

The firms tax rate is 36 percent.

Calculate the cost of goods sold and the interest expense for Moores HoneyBee Corp.

Costs of goods sold = ?

Interest expense = ?

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