Below are two years' financial statements of the HFT Corp (imaginary). Because the same material will be continuously used repeatedly for many questions in this test, it is strongly recommended that you write them down on a separate piece of paper for continuous use. According to the given information, present your answer as required. If the answer is the amount, please do not put "," or "$" in your answer. Instead, put just the number for your answer. For example, if your answer is $1,000, then put 1000. If the answer should be presented in %, please do not put "%" sign in your answer. Instead, put just the number for your answer. For example, if your answer is 15%, then put 15. If your answer is negative, put the minus sign (-) in front of your answer. For example, if your answer is negative 9%; then put -9.0 for your answer. If the data appears broken on your screen, enlarge the window until it shows correctly or use Zoom In/Zoom Out function. Using the maximized screen is recommended. For the year of: Sales Year 1 Income Statement Year 2 $2,400,000 $3,000,000 Cost of Sales $ 720,000 Gross Profit (a) $ 960,000 (b) Payroll Expenses $ 600,000 $ 720,000 Gen. & Admin. Exp. $ 288,000 $ 360,000 Other Expenses $ 225,000 $ 336,000 EBIT $ (c) $ (d) Interest $ 15,000 $ 24,000 EBT (e) (f) Income Taxes (40%) (g) (h) Net Income (i) (j) Total Assets: Balance Sheets On December 31 of Year 0 $1,000,000 $1,400,000 Year 1 Year 2 $___(k) Curr. Liability $ 50,000 $ 100,000 $ 120,000 L/T Liability $ 450,000 $ 300,000 $ 480,000 Owners' Equity (1) $ (m) $1,000,000 Determine the amount of (c) above. (Please DO NOT put or in your answer. Put numbers only (as in 10000 for $10,000).