Question: Rogue Industries reported the following items for the current year: Sales = $3,000,000; Cost of Goods Sold = $1,500,000; Depreciation Expense = $170,000; Administrative Expenses

Rogue Industries reported the following items for the current year: Sales = $3,000,000; Cost of Goods Sold = $1,500,000; Depreciation Expense = $170,000; Administrative Expenses = $150,000; Interest Expense = $155,000; Marketing Expenses = $80,000; and Tax Rate = 40%.. Rogue's Net Income is equal to

$270,000.

$567,000

$945,000

$770,000.

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