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Using the information provided, calculate net income for 2013. Assume a tax rate of 35 percent.

Year 2013

Inventory $5,000

Revenues 200,000

Depreciation expense 5,000

Cost of goods sold 100,000

Interest expense 10,000

Operating expenses 30,000

A.

$44,000

B.

$35,750

C.

$50,000

D.

$19,250