$2\mathrm{.}5pts$

Given the following information, calculate Net Income:

Proceeds from bank loan $$500$

Interest expense $$100$

Cost of goods sold $$2,650$

Purchase of new equipment $$300$

Operating expense $$600$

Depreciation $$500$

Net sales $$4,300$

Tax rate $20\%$

Put your answer in this format, $x,$ example $789$