Question Help P3-1 (similar to) (Related to Checkpoint 3.1) (Working with the income statement) At the end of its third year of operations, the Sandifer Manufacturing Co. had $4,501.000 in revenues, $3,302,000 in cost of goods sold, 5448,000 in operating expenses which included depreciation expense of $153,000, and a tax liability equal to 34 percent of the firm's taxable income. What is the net income of the firm for the year? Complete the income staternent for Sandifer Manufacturing Co.: (Round to the nearest dollar) $ Revenues Less: Cost of Goods Sold $ $ 4.501,000 3,302,000 Equals: Gross Profit 448,000 Equals: Net Operating Income $ Less: Operating Expenses $ Less: Interest Expense $ $ Equals: Earnings before Taxes Less: Income Taxos S Equals: Net Income