Problem $2-12($Algo$)$ Determination of profitability $[$LO$2-1]$

Lemon Auto Wholesalers had sales of $$1,650,000$ last year, and cost of goods sold represented $76$ percent of sales. Selling and administrative expenses were $13$ percent of sales. Depreciation expense was $$15,000$ and interest expense for the year was $$17,000.$ The firm's tax rate is $30$ percent.

a$.$ Compute earnings after taxes.