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? Tax Rate 10% The tax schedule is below Taxable Income 0-50,000 50,001-80,000 80,001-130,000 $ 130,001-900,000 20% 30% 40%