Question 3 (10 points)\ In 2012, Titans Electronics reported sales of

$850,000

. They also incurred operating costs of

$400,000

and depreciation expenses of

$50,000

. The firm has

$900,000

of outstanding bonds that pay

8%

interest. If Titans Electronics faces a flat tax rate of

40%

, what was its net income in 2012 ?\

$19,200

\

$196,800

\

$256,800

.\

$331,200

In 2012, Titans Electronics reported sales of $850,000. They also incurred operating costs of $400,000 and depreciation expenses of $50,000. The firm has $900,000 of outstanding bonds that pay 8% interest. If Titans Electronics faces a flat tax rate of 40%, what was its net income in 2012 ? $19,200 $196,800 $256,800 $331,200