Following is a random list of accounts with normal balances for Luther Company as of December 31, 20X6. All adjusting entries have been made. Closing entries have not been made. C. Luther, capital $169,000 Land 90,000 Sales discounts 13,000 Supplies expense 9,000 Interest revenue 14,000 Mortgage payable 85,000 Cash 52,000 Accounts receivable 38,000 Unearned service revenue 21,000 Salary expense 23,000 Accounts payable 56,000 Acc. depn.-building 27,000 Equipment 76,000 Prepaid insurance 9,000 Interest expense 10,000 C. Luther, withdrawals 25,000 Sales revenue 312,000 Interest receivable 7,000 Inventory 88,000 Acc.depn.-equipment 22,000 Insurance expense 21,000 Salary payable 8,000 Supplies 9,000 Cost of goods sold 156,000 Sales returns & allowances 13,000 Dep. expense-building 8,000 Dep. expense-equipment 8,000 Interest payable 34,000 Utilities expense 8,000 Delivery expense 7,000 Building 435,000 what is net income after interest and tax for Luther Company for the year ended December 31, 20X6. Assume that the tax rate is 2%