For the past year, Momsen, Ltd., had sales of $47,747, interest expense of $4,400, cost of goods sold of $17,884, selling and administrative expense of $12,431, and depreciation of $7,430. If the tax rate was 38 percent, what was the company's net income?

Multiple Choice

• $11,180

• $3,921

• $5,602

• $1,801

• $3,473