Selected data concerning the past year's operations of the Lone Star Leather Company are as follows Inventories Beginning Ending Direct Material $142,000 $162.000 Work in process 160,000 60,000 Finished goods 180,000 220,000 Other Data: Direct material used 652.000 Total manufacturing costs charged to production during the year (includes direct material, direct labor, and manufacturing overhead applied at a rate 1,372.000 of 60% of direct labor cost) Cost of goods sold 1.432,000 Selling and administrative expenses 63,000 Sales Revenue 1.700.000 What was the income before taxes for the year 5205.000 5985.000 5328.000 $265.000 DOO