n $2016,$ Titans Electronics reported sales of $$650,000.$ They also incurred operating costs of $$300,000$ and depreciation expenses of $$20,000.$ The firm has $$500,000$ of outstanding bonds that pay $5\%$ interest. If Titans Electronics faces a flat tax rate of $35\%,$ what was its net income in $2016?$

Question $10$ options:

$$198,250$

$$211,250$

$$214,500$

$$203,775$