At the end of its third year of operations, the Sandifer Manufacturing Co. had $4,572,000 in revenues,$3,389,000 in cost of goods sold, $443,000 in operating expenses which included depreciation expense of $144,000, and a tax liability equal to 34 percent of the firm's taxable income. What is the net income of the firm for the year?

Complete the income statement for Sandifer Manufacturing Co.:(Round to the nearest dollar.)

Revenues = $

Less = $

Equals Gross Profit =$

Less Operating Expenses =$

Equals: Net Operating Income =$

Less Interest Expense=$

Equals: Earnings before Taxes= $

Less: Income Taxes=$

Equals: Net Income=$