Consider the financial records of Apple Inc. for the fiscal year ending September 30, 2023. Utilize the provided information to prepare a comprehensive Income Statement:

Item	Amount ($)
Sales Revenue	$300,000,000
Cost of Goods Sold	$120,000,000
Operating Expenses
- Salaries and Wages	$50,000,000
- Rent Expense	$15,000,000
- Utilities Expense	$7,000,000
Depreciation Expense	$10,000,000
Interest Expense	$5,000,000
Tax Rate	25%

Calculate the Net Income for the year.