Please solve for C. A new income statement will need to be made with the new information.

Current assets Net fixed assets Total Assets $491,000 Liabilities 1,508,000 Owners' equity $999,500 E 999,500 $1,999,000 Total $1,999,000 Data Table Sales Less: Cost of goods sold Gross profit Less: Operating expenses Net operating income Less: Interest expense Earnings before taxes Less: Taxes (35%) Net income $4,660,000E (3,509,000) $1,151,000 (510,000) S641,000 (96,000) S545,000 (190,750) $354,250