(Related to Checkpoint 3.1) (Working with the income statement) At the end of its third year of operations, the Sandifer Manufacturing Co. had $4,580,000 in revenues, $3,380,000 in cost of goods sold, $448,000 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? 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 = $ Equals: Net Operating Income = $ Less: Interest Expense = $ 0 Equals: Earnings before Taxes = $ Less: Income Taxes = s Equals: Net Income d sit el Help me solve this View an example Get more help . Clear all Check