The Sunland Company has disclosed the following financial information in its annual reports for the period ending March 31, 2017: sales of $1.62 million, cost of goods sold of $810,600, 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 companys net income? Set up an income statement to answer the question. (Round answers to 2 decimal places, e.g. 15.25)

Sunland Company Income Statement For the period ended on March 31, 2017 or March 31, 2017 or For the year ended on March 31, 2017
Pick one in this box		Amount
DepreciationNet Income / (Loss)RevenuesEarnings Before TaxesTaxesInterestEarnings Before Interest, Taxes, Depreciation, and AmortizationCost of Goods SoldEarnings Before Interest and Taxes		$
Earnings Before Interest, Taxes, Depreciation, and AmortizationRevenuesDepreciationEarnings Before Interest and TaxesNet Income / (Loss)TaxesCost of Goods SoldInterestEarnings Before Taxes
Net Income / (Loss)Cost of Goods SoldEarnings Before Interest, Taxes, Depreciation, and AmortizationEarnings Before TaxesTaxesRevenuesDepreciationEarnings Before Interest and TaxesInterest		$
InterestNet Income / (Loss)DepreciationTaxesEarnings Before TaxesEarnings Before Interest and TaxesRevenuesCost of Goods SoldEarnings Before Interest, Taxes, Depreciation, and Amortization
Cost of Goods SoldEarnings Before Interest, Taxes, Depreciation, and AmortizationEarnings Before TaxesNet Income / (Loss)TaxesRevenuesEarnings Before Interest and TaxesDepreciationInterest		$
TaxesEarnings Before Interest, Taxes, Depreciation, and AmortizationInterestDepreciationEarnings Before Interest and TaxesEarnings Before TaxesNet Income / (Loss)RevenuesCost of Goods Sold
DepreciationNet Income / (Loss)TaxesEarnings Before Interest and TaxesRevenuesInterestEarnings Before TaxesCost of Goods SoldEarnings Before Interest, Taxes, Depreciation, and Amortization		$
Earnings Before Interest, Taxes, Depreciation, and AmortizationCost of Goods SoldDepreciationEarnings Before TaxesEarnings Before Interest and TaxesInterestTaxesRevenuesNet Income / (Loss)
TaxesNet Income / (Loss)RevenuesDepreciationEarnings Before Interest and TaxesInterestCost of Goods SoldEarnings Before Interest, Taxes, Depreciation, and AmortizationEarnings Before Taxes		$