Net Operating Profit after Tax (NOPAT)

Use the following income statement of Elliott Game Theory Consulting to determine its net operating profit after taxes (NOPAT). Use 25% as the tax rate.

Elliot Game Theory Consulting Income Statement for Year Ending December 31
		2020
Sales	$	900,000
Operating costs excluding depreciation		700,000
Depreciation and amortization		80,000
Earnings before interest and taxes	$	120,000
Less interest		6,000
Pre-tax income	$	114,000
Taxes (25%)		28,500
Net income available to common stockholders	$	85,500

Round your answer to the nearest dollar

$___________________________