The following table lists selected balance sheet and income statement accounts for Account Balance Sales Total Assets Inventory Interest Expense Long Term Debt Depreciation Dividend Payout Ratio Cost of Goods Sold Net Fixed Assets $1,640 $1,500 $180 $70 $800 S130 25% $485 $1,100 $250 Current Liabilities Cash Operating Expenses $525 Taxes $150 New Shares Sold $40 a. What is firm X's net income for the period 1040