6. The Cochran Tire Company gathered the following condensed data for the year ended December 31, 2020: Account Amount (or percentage) Cost of Goods Sold $1,280,300 Net Sales $2.486,800 Selling Expenses $486,500 Interest Expense $108,600 Administrative Expenses $374,600 Common Stock Dividends Paid $50,000 Income tax percentage 42% The Cochran Tire Company's assets at the beginning of 2020 were $900,000, and the assets were $950,000 at the end of 2020. What did the Cochran Tire Company report as net income on its 2020 income statement