Compute the net income for General Electric Co. for the fiscal year ending December 31, 2023, given the following information:

• Sales Revenue: $1,200,000,000
• Cost of Goods Sold: $600,000,000
• Operating Expenses:
  • Salaries and Wages: $200,000,000
  • Rent Expense: $50,000,000
  • Utilities Expense: $30,000,000
• Depreciation Expense: $100,000,000
• Interest Expense: $80,000,000
• Tax Rate: 25%