Please help! The tax rate is 40% if you need that for the solution.

Selected account balances from the adjusted trial balance for Olinda Corporation as of its calendar year-end December 31 follow. Debit Credit 14,500 $ $ 34,500 26,350 44,500 106,900 72,100 44,500 175,500 a. Interest revenue b. Depreciation expense-Equipment c. Loss on sale of equipment d. Accounts payable e. Other operating expenses f. Accumulated depreciation-Equipment Gain from settlement of lawsuit h. Accumulated depreciation-Buildings i. Loss from operating a discontinued segment (pretax) j. Gain on insurance recovery of tornado damage k. 1. Depreciation expense-Buildings m. Correction of overstatement of prior year's sales (pretax) n. Gain on sale of discontinued segment's assets (pretax) 0. Loss from settlement of lawsuit p. Income tax expense q. Cost of goods sold 18,750 29,620 1,003,500 1. Net sales 52,500 16,500 36,500 24,250 ? 487,500 4. What is the amount of net income for the year? Answer is complete but not entirely correct. Net income $ 256,342 X