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elated to Checkpoint 3.1) (Working with the income statement) At the end of its third...

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elated to Checkpoint 3.1) (Working with the income statement) At the end of its third year of operations, the Sandifer Manufacturing Co. had $4,591,000 in venues. S3.337.000 in cost of goods sold$445,000 in operating expenses which included depreciation expense of $150,000. and a tax liability equal to 34 percent the firm's taxable income. What is the net income of the firm for the year? omplete the income statement for Sandifer Manufacturing Co: (Round to the nearest dollar) Revenues 4591000 ess: Cost of Goods Sold3337000 1254000 Equals: Gross Profit 50000 Equals: Net Operating Income Less: Operating Expenses 754 Less: Interest Expense Equals: Earnings before Taxes s1254000 Less: Income Taxes Equals: Net Income

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