Meric Mining Inc. recently reported $32,000 of sales, $17,000 of operating costs other than depreciation, and $6,500 of depreciation. The company had no amortization charges, it had outstanding $7,500 of bonds that carry a 6.25% interest rate, and its federal-plus-state income tax rate was 25%. How much was the firm's net income after taxes? Meric uses the same depreciation expense for tax and stockholder reporting purposes.

options:

$4,989.33

$6023.44

$5,641.33

$5,420.31

$5,289.87