At the end of its third year of operations, the Sandifer Manufacturing Co. had $ 4 comma 500 comma 000 $4,500,000 in revenues, $ 3 comma 375 comma 000 $3,375,000 in cost of goods sold, $ 450 comma 000 $450,000 in operating expenses which included depreciation expense of $ 150 comma 000 $150,000, and a tax liability equal to 35 35 percent of the firm's taxable income. What is the net income of the firm for the year?