During the year, cost of goods sold was $320,000; income from operations was $304,000; income tax expense was $64,000; interest expense was $48,000; and selling, general, and administrative expenses were $176,000.
Required:
Calculate net sales, gross profit, income before taxes, and net income.

Question

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The Answer of During the year, cost of goods sold was $320,000; income from operations was $304,000; income tax expense was $64,000; interest expense was $48,000; and selling, general, and administrative expenses were $176,000.
Required:
Calculate net sales, gross profit, income before taxes, and net income.

During the Year, Cost of Goods Sold Was $320,000; Income