Calculate the net income

Reference no: EM131101342

Raytheon’s State College location had a gross income of \$20,000,000 in 2015. In 2015 they also paid \$3,000,000 in employee salaries, \$4,000,000 in operating and maintenance costs, \$800,000 in depreciation expense, \$200,000 in loan principal payment, and \$210,000 in loan interest payment. Calculate the net income of Raytheon State College for 2015.

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