Below is a list of account balances for Fraggle Company $ 123,500 767 500 507,500 233 400 2 Cash Cost of Goods Sold Gross Profit Income before taxes Income tax expense Interest expense Interest revenue Inventory Net Income Number of Common Shares Operating expenses Operating Income Property, plant, and equipment (net) Receivables (net) Sales (net) 14,700 5.600 113 460 ? 150,000 265,000 242,500 255,000 96 000 1,275,000 What is Fraggle Company's net income, assuming a 30% tax rate? $163.380 $233 400 5242 500 none of these Moving to another question will save this response ENG ) TAT