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Sams Bakery has sales of $576,000 with cost of $382,000. Intrest expense is 15,000 and depreciation is 31,000. The tax rate is 27% what is the incom
e? can you show the work
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Answer :

Answer:

Net income/profit = 108,040

Explanation:

Sales                                576,000

Cost                                -382,000

Interest expense            -15,000

Depreciation expense   -31,000

Taxation                          -39,960

Net Income                       108,040

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