During the year Belyk Paving Co. had sales of $2,275,000. Cost of goods sold, administrative and selling expenses and depreciation expense were $1,285,000, $535,000, and $420,000, respectively. In addition the company had an interest expense of $245,000 and a tax rate of 21 percent. (ignore any tax loss carry forward provision and assume the interest expense is fully deductible)
what is the company's net income?
