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Modified problem 22 from pages 50 and 52 of the textbook, which now reads A chemical processing firm is planning on adding a duplicate polyethylene

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Modified problem 22 from pages 50 and 52 of the textbook, which now reads "A chemical processing firm is planning on adding a duplicate polyethylene plant at another location. The financial information for the first project year is available: Financial Information (Year #1, in thousands of dollars) Sales Direct material costs Direct labour costs Depreciation Interest payment on financing Income taxes 1,500 250 300 200 20 272 If operating expenses for the year are 64 thousand dollars, what is the Net Income in thousands of dollars) during the project period? NOTE: The answer must be given as a number only. For example, please enter "100" if your answer is that Net Income is $100.000

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