A company recently reported $600,000 of sales, $400,000 of operating costs other than depreciation, and $10,000 of depreciation. The company had $100,000 of outstanding bonds that carry a 10% interest rate, and its federal-plus-state income tax rate was 25%. How much was the firm's net income? The firm uses the same depreciation expense for tax and stockholder reporting purposes.

		$142,200
		$135,000
		$180,000