Results for "Using the following information about Hofstadter Inc., calculate net income. Sales $=$$$15,000,000$;

Cost of Goods Sold $=$$$5,500,000$; Depreciation Expense $=$$$150,000$; Administrative Expenses $=$$$400,000$;

Interest expenses $=$$$70,000$; Marketing Expenses $=$$$100,000$; and taxes $=$$$300,000,$$$8,480,000,$$$7,520,000,$

$$9,550,000,$$$10,420,000$