Costco Wholesale Corporation has the following financial information for the year ended December 31, 20X5:

Item	Amount (USD)
Sales Revenue	$20,000,000
Cost of Goods Sold	$15,000,000
Operating Expenses	$3,000,000
Interest Expense	$500,000
Income Tax Expense	$1,000,000
Net Income	?

Calculate the net income for Costco Wholesale Corporation.