Lindley Textiles recently reported $12,500 of sales, $7,500 of operating costs other than depreciation, and $1,000 of depreciation. The company had no amortization charges and no non-operating income. It had $8,000 of bonds outstanding that carry a 7.5% interest rate, and its federal-plus-state income tax rate was 25%. How much was Lindley's net income (NI)? Show detail steps of calculations