P2-2 Building an Income Statement [LO1] Griffin's Goat Farm, Inc., has sales of $724,000, costs of $335,000, depreciation expense of $42,000, interest expense of $20,000, and a tax rate of 22 percent. What is the net income for this firm? Multiple Choice $297,060 $275,060 $167,720 $317,060 $255,060