For the past year, Momsen, Ltd., had sales of $47,747, interest expense of $4,400, cost of goods sold of $17,884, selling and administrative expense of $12,431, and depreciation of $7,430.

For the past year, Momsen, Ltd., had sales of $47,747, interest expense of $4,400, cost of goods sold of $17,884, selling and administrative expense of $12,431, and depreciation of $7,430.

If the tax rate was 38 percent, what was the company’s net income?

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