Operating expenses which included depreciation expense

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At the end of its third year of operations, the Sandifer manufacturing Co. had $4,507,000 in revenues, $3,319,000 in cost of goods sold, $443,000 in operating expenses which included depreciation expense of $152,000, and a tax liability equal to 34 percent of the firm's taxable income. What is the net income for the year?

Reference no: EM131348181

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