The following selected information was extracted from the 201 accounting records of Lone Oak Products: "Seventy-five percent of the company's building was devoted to production activities; the remaining 25 percent was used for selling and administrative functions. Inuentanu data: 'The January 1 and December 31 finished-goods inventory consisted of 1,350 units and 1,190 units, respectively. 4. Determine net income for 201, assuming a 30% income tax rate