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Calculate the net income for the year

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Question - The following information is taken from the accounting records of James' Scooters Limited for the current year. Use the information to calculate the net income for the year and enter answer in the space provided.

Administration expenses $120.000

Cost of goods sold $570.000

Selling and distribution expenses $220.000

Interest expense $50.000

Net Sales $1200.000

Reference no: EM133182552

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