Problem $2$

The following are financial statements of Ohara Company:

Ohara Company

Income Statement

For the Year Ended December $31,2025$

Net sales

Cost of goods sold

Selling and administrative expenses

$906,000$

Interest expense

$78,000$

Income tax expense

${69}_{,}{000}_{?}$

Net income $$2,218,500$

$1,012,400q,$

Ohara Company

Balance Sheet

December $31,2025$