(Related to Checkpoint 3.1) (Working with the income statement) At the end of its third year of operations, the Sandifer Manufacturing Co. had $4,569,000 in revenues, $3,342,000 in cost of goods sold, $443,000 in operating expenses which included depreciation expense of $144,000, 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 statement for Sandifer Manufacturing Co.:(Round to the nearest dollar.)

	Save Accounting Table...			+
	Copy to Clipboard...			+

Revenues =		$
Less:	Cost of Goods Sold =	$
			Equals:	Gross Profit =	$
Less:	Operating Expenses =	$
			Equals:	Net Operating Income =	$
Less:	Interest Expense =	$	0
			Equals:	Earnings before Taxes =	$
Less:	Income Taxes =	$