For the past year, Momsen, Ltd., had sales of $46,772, interest expense of $4,010, cost of goods sold of $17,009, selling and administrative expense of $11,956, and depreciation of $6,705. If the tax rate was 40 percent, what was the company's net income?

Multiple Choice

• $7,092

• $2,651

• $4,255

• $4,964

• $11,429