The Sheridan Company has disclosed the following financial Information in its annual reports for the period ending March 31, 2017: sales of $1.62 millon, cost of goods sold of $811,100, depreciation expenses of $175,000, and interest expenses of $89,575. Assume that the firm has an average tax rate of 35 percent. What is the company's net income? Set up an income statement to answer the question (Round answers to 2 decimal places, e... 15.25) Sheridan Company Income Statement Amount . . . $ $ + $ 3 3 Click if you would like to show Work for this