Question 4 (3 points) The XYZ Company has sales of $500,000, a gross profit margin of 40%, operating expenses (excluding depreciation) of $70,000, depreciation expense of $30,000, interest expense of $40,000, taxes of $10,000 and dividends paid of $5,000. What is XYZ's net income? $45,000 $50,000 $55,000 4: $60,000 None of the answers listed above are within $1000 of the correct