(Related to Checkpoint 3.1) (Working with the income statement) At the end of its third year of operations, the Sandifer Manufacturing Co. had $4,537,000 in revenues, $3,339,000 in cost of goods sold, $460,000 in operating expenses which included depreciation expense of $158,000, 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.)