You own a construction company with a revenue of $400,000. The direct costs of producing goods are $320,000. Your annual general overhead is $45,000 that includes $7000 in meals and entertainment; $1200 in office supplies; $1000 in bad debt; $1600 in advertising and promotion; $400 in utilities; $2200 for office plotter; $2800 for office furniture; $1000 for professional dues and memberships. The allowed depreciation for office supplies is $200; for office plotter is $275; for office furniture is $575; and for professional dues and memberships is $115.

During the year you also earned $28000 in dividends and $1800 in savings interest and paid $1200 in interest to lending institutions.

Determine your net taxable income. The income tax rate for the company is 39%. Calculate the net profit of the company.