P2-2 Building an Income Statement (LO1) Griffin's Goat Farm, Inc., has sales of $714,000, costs of $255,000, depreciation expense of $53,000, interest expense of $25,000, and a tax rate of 25 percent. What is the net income for this firm? Multiple Choice $285,750 $338,750 $310,750 $202,500 $363,750