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Griffin's Goat Farm, Incorporated, has sales of $644,000, costs of $335,000, depreciation expense of $40,000, interest expense of $21,000, and a tax rate of 23

Griffin's Goat Farm, Incorporated, has sales of $644,000, costs of $335,000, depreciation expense of $40,000, interest expense of $21,000, and a tax rate of 23 percent. What is the net income for this firm?

Multiple Choice

  • $190,960

  • $230,960

  • $99,880

  • $251,960

  • $211,960

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