2 Below is a list of account balances for Fraggle Company 767.500 123.500 7.500 oss Profit 233.400 ocome before taxes ax cx nterest revenue Inventory 14.700 5,600 113.460 Net Income Number of Common Shares 150,000 265,000 242,500 255,000 ing Income y, plant, and equipment (net) eceivables (net) 1,275,000 What is Fraggle company's net income, assuming a 30% tax rate? $163,380 b. $233,400 c. $242,500 d. None of these answer choices is correct