3.) At the end of its third year of operations, the Sandifer Manufacturing Co has $4,500,000 in revenues, $3,375,000 in cost of goods sold, $450,000 in operating expenses which included depreciation expense of $150,000, and a tax liability equal to 35 percent of the firm's taxable income. What is the net income of the firm for the year? Sandifer Marrufacturing Co plans to reinvest $50,000 of its earnings back into the firm What does this plan leave for the payment of a cash dividend to Sandifer's stockholders? (7 points)