How?

Suppose a company had a gross income of $3,200,000 in a year. In that same year, it paid $1,000,000 in salaries and wages, $500,000 in office leasing fees, and $700,000 in cost of goods sold. Furthermore, their total depreciation expenses for their assets was $400,000 in that same year. If the current average tax rate is 35%, what is the company's net income in that year? Selected Answer: Answers: $390,000.00 $390,000.00