Funn Rides had sales of $16 million in 2019. Its cost of goods sold was $9.3 million, and it had selling, general, and administrative expenses of $3.8 million. The firm paid $90000 in interest expense and $125000 in dividends to its shareholders. For simplicity, assume a flat tax rate of 25%. Funn Rides's net income for 2019 was

$1.98 million

$2.90 million

$2.81 million

$2.11 million