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Suppose Gulf Shipping Company has the following revenue and expenses for 2021: Revenues of $9,000,000...

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Accounting

Suppose Gulf Shipping Company has the following revenue and expenses for 2021: Revenues of $9,000,000 Cost of Goods Sold of $3,600,000 Depreciation Expenses of $1,000,000 Income Taxes of $1,192,000 Interest Expenses of $120,000 Other Expenses of $400,000 Sales, General, & Administrative Expenses of $900,000 Create an income statement with amounts in thousands What is the value of Net Income?

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