Selling, general, and administrative expenses were $169,400; net sales were $770,000; interest expense was $18,500;...
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Accounting
Selling, general, and administrative expenses were $169,400; net sales were $770,000; interest expense was $18,500; research and development expenses were $80,850; net cash provided by operating activities was $204,400; income tax expense was $17,240; cost of goods sold was $423,500.
a) Calculate operating income for the period
b) Calculate net income for the period
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