The Gen Corporation has a gross profit of $880,000 and $360,000 in depreciation expenses. The Y Corporation has also $880,000 in gross profit with $60,000 in depreciation expense. Selling and administrative expense is $120,000 for each company.

Given that the tax rate is 40%, how much is the net income after tax of Gen Corporation?

Given that the tax rate is 40%, how much is the net income after tax of Y Corporation?