At the end of its third year of operations, the Sandifer manufacturing Co had $ 4600,000 in revenue, $3345,000 in cost of good sold $ 451,000 in operating expenses which included depreciation expense of $ 157,000 and a tax liability equal to 34% of the firm taxable income. What is the net income of the firm for the year.

Revenue = $

Less: cost of goods sold= $

Equal Gross Profit =

Less: Operating Expenses = $

Equals: Net Operating Income = $

Less: interest Expense = $ 0

Equals: Earnings before taxes = $

Less: Income Taxes = $

Equals : Net Income = $