A firm has the following accounts and financial data for 2015:

Sales Revenue of $3,000, Cost of Goods Sold of $1,600, Accounts Receivable of $550, Dividends of $25, Depreciation Expense of $150, Interest Expense of $106, Tax Rate of 40%, Total Cash Operating Expenses of $600 and Number of Shares Outstanding of 1,000.

The firm's net income for 2015 was ___________.

Select one:

a. $326.40

b. $217.60

c. $544.00

d. $416.40

e. $277.60