1. Use the given information
2. 
   
3. Mike's Bakery has revenue of $500,000, 
4. operating costs of $100,000, 
5. product costs of $50,000, 
6. Depreciation of $30,000 
7. Interest expense of $20,000. 
8. The tax rate is 20%. 

What is the Net Income for Mike's Bakery?