Meric Mining Inc

Meric Mining Inc.recently reported $15, 000 of sales, $7, 500 of operating costs other than depreciation, and $1, 200 of depreciation.The company had no amortization charges, it had outstanding $6, 500 of bonds that carry a 6.25% interest rate, and its federal-plus-state income tax rate was 35%.How much was the firm's net income after taxes? Meric uses the same depreciation expense for tax and stockholder reporting purposes.

A) $3, 284.55
B) $3, 457.42
C) $3, 639.39
D) $3, 830.94
E) $4, 022.48