What would be misty net income for the current year

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Reference no: EM13141939

Misty Company reported the following before-tax items during the current year:
Sales $600
Operating Expense 250
Restructuring Charges 20
Extraordinary Loss 50
Misty's effective tax rate is 40% and there were 1,000 shares of common stock outstanding. What would be Misty's net income for the current year?

Reference no: EM13141939

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