The following five transactions occurred in Year $2$:

First purchase $($cash$)$: $120$ units @ $$94$

Second purchase $($cash$)$: $200$ units @ $$102$

Sales $($all cash$)$: $430$ units @ $$191$

Paid $$13,400$ cash for salaries expenses

Paid cash for income tax at the rate of $40$ percent of income before taxes