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
• $4,255
• $4,964
• $2,651
• $11,429