A business reports sales revenue of $500,000. The depreciation expense for the year is $40,000,...

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Accounting

A business reports sales revenue of $500,000. The depreciation expense for the year is $40,000,
the interest expense incurred is $15,000, and COGS is $250,000. In addition, the cash account is
$100,000 on its balance sheet. Given a tax rate of 25%, what is the net income for the business?
$150,000
$145,000
$135,000
$125,000
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