A company reported the following amounts in its income statement:

Sales revenue

Advertising expense

Interest expense

Salaries expense

Utilities expense

Income tax expense

Cost of goods sold

$$440,000$

$60,000$

$10,000$

$55,000$

$25,000$

$45,000$

$180,000$

What is net income?

Multiple Choice

$$60,000$

$$120,000$

$$65,000$

$$110,000$