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Griffin's Goat Farm, Inc., has sales of $671,000, costs of $333,000, depreciation expense of $77,000,...

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Griffin's Goat Farm, Inc., has sales of $671,000, costs of $333,000, depreciation expense of $77,000, interest expense of $48,500, and a tax rate of 24 percent. What is the net income for this firm? (Do not round intermediate calculations.)

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