Income Statement Calculation
Company JKL Inc. reports the following information for the year: Sales Revenue $300,000, Cost of Goods Sold $120,000, Operating Expenses $70,000, Interest Expense $8,000, and Income Tax Expense $15,000. Calculate the net income for JKL Inc. and present the calculation in a table format.

Item	Amount
Sales Revenue	$300,000
Cost of Goods Sold	($120,000)
Operating Expenses	($70,000)
Interest Expense	($8,000)
Income Tax Expense	($15,000)
________________________	_____________
Net Income	$87,000