During the year, the Senbet Discount Tire Company had gross sales of $1.16 million. The firms cost of goods sold and selling expenses were $535,000 and $225,000, respectively. The firm also had notes payable of $900,000. These notes carried an interest rate of 6 percent. Depreciation was $140,000. The firms tax rate was 35 percent.

The answer on your site and not correct which is 419900 and 559900.