The XYZ Company has sales of $500,000, a gross profit margin of 40%. operdting expense: (excluding depreciation) of $70,000. depreciation expense of $30,000, interest expense of $40,000, taxes of $10,000 and dividends paid of $5,000. What is XYZ'a net income? $45,000 $50,000 $55,000 $60,000