Holly Farms has sales of $509,600, costs of $448,150, depreciation expense of $36,100, and interest paid of $12,400.The tax rate is 28 percent.How much net income did the firm earn for the period?

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The Answer of Holly Farms has sales of $509,600, costs of $448,150, depreciation expense of $36,100, and interest paid of $12,400.The tax rate is 28 percent.How much net income did the firm earn for the period?

Holly Farms Has Sales of $509,600, Costs of $448,150, Depreciation