(Related to Checkpoint 3.1) (Working with the income statement) At the end of its third year of operations, the Sandifer Manufacturing Co. had $4,535,000 in revenues, $3,359,000 in cost of goods sold, $446,000 in operating expenses which included depreciation expense of $146,000, 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? Cc