(Related to Checkpoint 3.1) (Working with the income statement) At the end of its third year of operations, the Sandifer Manufacturing Co. had $4,520,000 in revenues, $3,318,000 in cost of goods sold, $450,000 in operating expenses which included depreciation expense of $142,000, 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.) Revenues = Less: Cost of Goods Sold = $ Equals: Gross Profit = $ Less: Operating Expenses = $ $ S Less: Interest Expense - G Less: Income Taxes = Equals: Net Operating Income - O Equals: Earnings before Taxes = $ $ Equals: Net Income