What is the net income of the firm for the year

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Reference no: EM131625216

(Working with the income statement) At the end of its third year of operations, the Sandifer Manufacturing Co. had $4,500,000 in revenues; $3,375,000 in cost of goods sold; $450,000 in operating expenses, which in- cluded depreciation expense of $150,000; and had a tax liability equal to 35 percent of the firm's taxable income. What is the net income of the firm for the year?

Reference no: EM131625216

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