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Current Attempt in Progress The Blossom Company has disclosed the followingnancial information in its annual reports forthe period ending March 31, 2017: sales ot$ 1.67 million, cost of goods sold of $ 814,400, depreciation expenses of $1?5,000, and interest expenses of $89,575.Assume that the rm has an average tax rate of 35 percent; What is the company's net income? Set up an income statement to answer the question. [Round answers to 2 decimal places, e3. 15.25}l Blossom Company Income Statement AmOunt v $ V v $