Question: Delta Ray Brands Corp. just completed their latest fiscal year. The firm had sales of $17,889,800. Depreciation and amortization was $856,100, interest expense for the

Delta Ray Brands Corp. just completed their latest fiscal year. The firm had sales of $17,889,800. Depreciation and amortization was $856,100, interest expense for the year was $856,600, and selling general and administrative expenses totaled $1,553,500 for the year, and cost of goods sold was $10,047,400 for the year. Assuming a federal income tax rate of 34%, what was the Delta Ray Brands net income after-tax? Round to the nearest cent.

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