Thinkerbell Corp. reports the following information related to its most recent year(2020). The company has sales of $100 millions and the cost of goods sold and other expenses totaled $65 millions. Corporate income tax rate is 25% and legal reserves should be calculated as 5%. What's the net income of the year for Thinkerbell? *

$25,000,000

$24,937,500

$1,312,500

$26,250,000