Your friend asks you to help her with an income statement for 2020. In 2020, her information is as follows: Sales Price = $10.00/unit Units Sold = 100,000 Cost of Goods Sold (COGS) = $5.00/unit Fixed Cost (Overhead) = $250,000 ------------------------------------------------------------------ What is the Net Income Before Taxes (Net Profit) for 2020?

1,000,000

$500,000

750,000

$250,000