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Your company had the following results for the year ending December 31. Sales $113,973 Cost of Goods Sold $51,297 Operating Expenses $16,015 Income Tax Expense
Your company had the following results for the year ending December 31.
Sales $113,973
Cost of Goods Sold $51,297
Operating Expenses $16,015
Income Tax Expense $7,210
In addition, on December 31 of this year, your company paid its business liability insurance policy premium of $10,903 that covers your company for next year. Calculate your companys net income for this year. Show your work.
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