During 2010, Raines Umbrella Corp. had sales of $730,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $450,000, $90,000, and $160,000, respectively. In addition, the company had an interest expense of $92,000 and a tax rate of 35 percent. (Ignore any tax loss carryback or carryforward provisions.)

a.	What is Raines