Question: A small sporting goods retail operation has the generated the following financial data for its last fiscal year: Net revenues $390,000.00 Cost of goods sold

A small sporting goods retail operation has the generated the following financial data for its last fiscal year: Net revenues $390,000.00 Cost of goods sold $225,000.00 Sales and admin expense: $ 60,000.00 Other expenses $ 19,000.00 Estimated income taxes $ 12,000.00 What is the company's net income for the last fiscal year? (Use an Excel formula.)

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