(Related to Checkpoint 3.1) (Working with the income statement) At the end of its third year of operations, the Sandifer Manufacturing Co. had $4,598,000 in revenues, $3,308,000 in cost of goods sold, $440,000 in operating expenses which included depreciation expense of $152,000, 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 = $ 4598000 Less: Cost of Goods Sold = $ (3308000) Less: Operating Expenses $ Equals: Gross Profit = (152000) 1290000 Equals: Net Operating Income = 1138000 Less: Interest Expense $ 0 Equals: Earnings before Taxes = 1138000 Less: Income Taxes = $ (386920) Equals: Net Income = 751080