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Your firm has the following income statement items; sales of 50,250,000; income tax of 1,744,000.00; operating expenses of 10,115,000; cost of goods sold of 35,025000 and interest expense of 750,000. What is the amount of the firm's gross profit.
1. 18,000,000
2. 15,225,000
3. 5,000,110
4. 6,632,000
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