20) Gear Inc has just finished up its year. Use the information below to compute the companys Net Income. Note that some items may not be needed. If Gear Inc has negative taxable income, the firm will receive a tax credit based on the same percentage as its tax rate.

Accounts Payable: 73000

Common Equity: 806000

Cost of Goods Sold: 404000

Current Liabilities: 164000

Depreciation: 104000

Dividends to shareholders: 17000

Interest expense: 67000

Interest income: 21000

Inventory: 95000

Reserarch & Development expense: 57000

Sales: 837000

Selling, General & Admin. Expense: 103000

Taxes (% of taxable income): 22%

Total Assets: 593000