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At 12-31-2015, Sampson Company had a gross deferred income tax asset of $190,000 and a valuation allowance of $70,000. At 12-31-2016, Sampson Company had a

At 12-31-2015, Sampson Company had a gross deferred income tax asset of $190,000 and a valuation allowance of $70,000. At 12-31-2016, Sampson Company had a deferred income tax asset of $300,000. At 12-31-2016, the management of Sampson Company believed that there was a 60% probability that $205,000 of the income tax benefits from the gross deferred income tax asset would be realized and a 20% probability that the other $95,000 of the income tax benefits from the gross deferred income tax asset would be realized. Pretax book income was $2,000,000 for 2016. Income taxes payable as a result of filing the income tax return for 2016 were $800,000.

What was net income for 2016 for Sampson ?

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