Baker Jewelry, Inc

Baker Jewelry, Inc., has annual sales of $5.2 million and a gross profit margin of 60%. The operating expenses are $489,000 and depreciation is $155,000. Interest expense is $70,000 and the tax rate is 21%. What is the net income?

A) $1,002,980
B) $1,084,818
C) $1,227,980
D) $1,900,740
E) $2,385,000