21. The Cochran Tire Company gathered the following condensed data for the year ended December 31, 2022: Amount (or percentage) $105,672,400 $317,456,900 $38,476,100 Account Cost of Goods Sold Net Sales Selling Expenses Interest Expense Administrative Expenses Common Stock Dividends Paid Income tax percentage $24,756,800 $106,574,900 $5,000,000 40% The Cochran Tire Company's assets at the beginning of 2022 were $9,100,000, and the assets were $9,518,000 at the end of 2022. What did the Cochran Tire Company report as net income on its 2022 income statement?

1. The Cochran Tire Company gathered the following condensed data for the year ended December 31,2022 : The Cochran Tire Company's assets at the beginning of 2022 were $9,100,000, and the assets were $9,518,000 at the end of 2022. What did the Cochran Tire Company report as net income on its 2022 income statement