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Consider the following information: Cost of goods sold: $200,000 Income tax expense: $12,000 Research and development...

  1. Consider the following information:
    1. Cost of goods sold: $200,000
    2. Income tax expense: $12,000
    3. Research and development expenses: $42,000
    4. Interest expense: $9,000
    5. Net Sales: $702,000
    6. Selling, general, and administrative expenses: $121,000

A. Calculate operating income for the period.

B. Calculate net income for the period.

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