Question 23 2. Below is a list of account balances for Fraggle Company: Cash $ 123,500 Cost of Goods Sold 767,500 Income Tax Expense Interest Expense 70,020 14,700 Interest Revenue 5,600 Inventory 113,460 Net Income ? Operating Expenses Property, Plant and Equipment Receivables Sales 277,000 255.000 96,000 1.252.000 What is Fraggle Company's net income? (Do NOT use a dollar sign when you type your answer)