Calculate FinCo's Net Income For Tax Purposes from business income based on the following set of facts: Revenues from sales $300,000 Gain on Sale of Land Expenses: Salaries (to non family Golf club fees Supplies Insurance 40,000 $190,000 20,000 15,000 7,000 $108,000 $16,000 $92,000 Net Income before tax Tax Expense Net Income The land sold during the year had proceeds of $60,000 and a cost of $20,000. Landscaping fees totaling $5,000 were capitalized in the year.