Question 15 (3 points) Alberto's Pest Control recently reported sales revenue of $90,000, cost of goods of $30,000, administrative expenses of $5,000 and depreciation expense of $2,000. The firm has a $50,000 note payable with an interest rate of 4%. If the company's state-plus-federal tax rate is 25%, what is its net income? $38,160 $39,750 $38,250 $37.750