$23.$NextDoor CORP, had the following in $2023$ :

sales of $$3,800,000,$

Cost of Goods Sold of $$900,000,$

administrative expenses of $$350,000$

depreciation expense of $$70,000,$

interest expense of $$50,000.$

What is the net income for the firm in $2023$ using the following tax schedule?

Taxable Income

$$1-50,000$

$$50,001-100,000$

$$100,001-1,000,000$

$$1,000,001-2,000,000$

$$2,000,000+$

Tax Rate

$5\%$

$10\%$

$20\%$

$35\%$

$40\%$