how the answer: 98,100

Q26) Information related to Batavia Furniture Company for the year ended December 31, 2012, follows. Cost of Goods Sold $ 10,000 Interest expense 5,000 Administrative expenses 8,000 Dividend revenue 9,000 Sales discount 1,000 Unrealized gain on non-trading securities (net of tax) 116,000 Sales revenue 131,000 Selling Expense 7,000 What is the amount of net income, assume a 10% tax rate. C. 98,100