Cat$-$Mat Corp has sales of $$750,000,$ cost of goods sold of $$150,000,$ depreciation expense of $$30,000,$ and an interest expense of $$20,000.$ What is the net income for the firm?

The tax schedule is below:

Taxable Income Tax Rate

$ $0-50,00010\%$

$ $50,001-80,00020\%$

$ $80,001-130,00030\%$

$$130,001-900,00040\%$