85.  

Given the financial data of Company LMN: Sales Revenue $400,000, Cost of Goods Sold $150,000, Operating Expenses $120,000, Interest Expense $25,000, and Income Tax Expense $40,000. Compute the net income for Company LMN and present the calculation in bullet points.

• Sales Revenue: $400,000
• Cost of Goods Sold: ($150,000)
• Operating Expenses: ($120,000)
• Interest Expense: ($25,000)
• Income Tax Expense: ($40,000)

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Net Income: $65,000