Assuming a 30% income tax rate, use the following to compute net income. Dividend Income Gain on sale of old equipment General Administrative Expenses Gross Sales Interest Expense Interest Income Sales Discounts Sales Returns & Allowances Selling Expenses $7,000 $15,000 $300,000 $2,000,000 $25,000 $5,000 $10,000 $20,000 $250,000 a. None of these b. $995,400 C. $1,422,000 d. $1,244,000 Next Previous 20 DigitalChalk www.digital.com 000 F4 F5 DD F9 F6 F7 FB