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22) Ajax enterprises, Inc. has the following income statement items: sales of $48,250,000; operating expenses of $10,225,000; cost of goods sold of $32,025,000; and interest expense of $650,000. If the firm's income tax rate is 34%, what is the amount of the firm's income tax liability?A) $1,665,000B) $2,040,000C) $1,819,000D) $1,385,000

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