For the current fiscal year, XYZ Corporation disclosed the following financial figures: Total Sales Revenue $=$ $$6,200,000$; Cost of Goods Sold $($COGS$)=$ $$1,700,000$; Depreciation $=$ $$200,000$; Administrative Expenses $=$ $$180,000$; Interest Expense $=$ $$40,000$; Marketing Expenses $=$ $$90,000$; and Taxes $=$ $$350,000.$ Calculate XYZ Corporation's net income.