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Using the following values, calculate Net Income. (Round your answer to the nearest dollar. Enter your answer with no dollar sign and no comma.)
Accounts Receivable 200
Accumulated depreciation 205
Cost of Goods Sold 190
Depreciation Expense 70
Administrative Expense 40
Interest Expense 115
Preferred Stock Dividends 10
Sales 1,100
Stockholders Equity 265
Taxes 22%
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