d$)$ One company ended the year with record sales of RM$20$ million. The firms cost of goods Sold Total RM$8\mathrm{.}5$ million while its operating Expenses Total RM$5$ million. The company paid RM$2\mathrm{.}5$ million in interest expense and had an income tax liability of RM$500,000.$ Determine the firms net income for the year?