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Q2. (1 Mark) The following are accounts balance (in thousands) for Malak Company. Calculate Net Income after-tax (show intermediate steps) t=35% for the year ended December 31, 2020. Net property and equipment $ 2,000 Accounts receivable Notes payable Revenues Supply expenses Depreciation expenses Labor expense Interest Expenses Stockholders' Equity Cash & cash equivalents Long-term debt $3,000 $37,000 $ 983,000 $ 255,000 $ 35,000 $300,000 $11,000 $61,500 $97,000 $3,500