In 2015 KRJ International reported earnings before taxes of $100,000 and tax expense of $35,000,...
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In 2015 KRJ International reported earnings before taxes of $100,000 and tax expense of $35,000, leaving net income of $65,000. During the year it sold a warehouse with a net book value of $15,023 for $13,501; the resulting gain or loss on the sale was included in the calculation of earnings before taxes. Recalculate the companys net income with the unusual gain or loss removed.
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