Diamond, Inc. had the following Income Statement at the end of the year. Compute Diamond's federal income tax expense given the tax rate of 21%. What is the company's net income? Sales Cost of goods sold Gross profit Salaries Rent Penalties Business meal with clients Federal income tax Net income $91,000 ($22,000) $69,000 ($31,000) ($2,000) ($1,500) ($4,200) ? ? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a $23,622 b $28,440 $23,181 Your answer [] Fullsc d $7,119