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40. Question content area top Part 1 You must show your work on your scratch paper to get credit for this problem. Young actor, Timothee

40. Question content area top Part 1 You must show your work on your scratch paper to get credit for this problem. Young actor, Timothee Chalamet is also an entrepreneur. His firm, TC Entertainment reported the following for the year 2021. What is the firm's net income? sales of $4,000,000 cost of goods sold is $2,500,000 total operating expenses are $600,000 interest expense is $250,000 corporate tax rate is 40% Question content area bottom Part 1 A. $288,000 B. $350,000 C. $390,000 D. $377,000

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