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Calculate sunland net income for sunland corporation

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Reference no: EM132771571

Selected information follows for Sunland Corporation for 2020:

Accounts payable $60,100

Cash 234,000

Cost of goods sold 575,000

Income tax expense 31,150

Interest expense 5,400

Retained earnings 371,500

Sales revenue 756,500

Selling expenses 60,600

Problem 1: Calculate Sunland's net income for 2020.

Reference no: EM132771571

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