The Following financial information will help you to create an Income Statement or, a Statement of Comprehension Income. Administrative Cost = 9%, Non-Cash Items (Depreciation) = $14,500, Other Costs = $20,000, Sales = $320,000, Taxes = 34.75%, Distribution Costs = $97,500, Cost of Sales = 47.25%, and Interest Expenses = 1.895%. What is the Net Income for this Financial Statement? $1,936.24 $936.24 $1.263.24 $1.623.24