A company had the following during the year: cost of goods sold = $120,000, investment income = $1,800, sales = $235,000, operating expense = $53,000, interest expense = $4,800, dividends = $8,400, tax rate = 35 percent, and 20,000 shares outstanding. What was net income?

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The Answer of A company had the following during the year: cost of goods sold = $120,000, investment income = $1,800, sales = $235,000, operating expense = $53,000, interest expense = $4,800, dividends = $8,400, tax rate = 35 percent, and 20,000 shares outstanding. What was net income?

A Company Had the Following During the Year: Cost of Goods