Accent Jewelry, Inc

Accent Jewelry, Inc., has annual sales of $4.8 million and a gross profit margin of 55%. The operating expenses are $510,550 and depreciation is $160,250. Interest expense is $80,000 and the tax rate is 21%. What is the net income?

A) $1,002,980
B) $1,084,818
C) $1,227,980
D) $1,492,468
E) $2,385,000