Meric Mining Ine. recently reported $15.750 of sales, $7,500 of operating costs other than depreciation, and $1,200 of depreciation. The company had no amortization charges, it had outstanding $6,500 of bonds that carry a 6.25% interest rate, and its federal-plus-state income tax rate was 35%. How much was the firm's net income after taxes? Meric uses the same depreciation expense for tax and stockholder reporting purposes. Select the correct answer a. 54318.44 2 b. 54325.14 PM 2 C. 54,311.74 d. 54.298.34 care $4,305.04