(Related to Checkpoint 3.1) (Working with the income statement) At the end of its third year of operations, the Sandifer Manufacturing Co had $4,563,000 in revenues, $3,388,000 in cost of goods sold, $447,000 in operating expenses which included depreciation expense of $155,000, 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