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Daxton's Fishing Boat Corp. has assets of $1,200,000, sales of $467,000, costs of $344,000, depreciation expense of $187,000, interest expense of $67,000, and a tax

Daxton's Fishing Boat Corp. has assets of $1,200,000, sales of $467,000, costs of $344,000, depreciation expense of $187,000, interest expense of $67,000, and a tax rate of 22 percent. What is the net income for this firm?

A. -102,180

B. 9,257,820

C. 8,893,560

D. -28,820

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