Assume that betty's better bandana's chief financial officer provided the following information:

Assume that betty’s better bandana’s chief financial officer provided the following information: net sales, $1,230,000; cost of goods sold, $720,300; extraordinary gain (net of income taxes of $1500), $6,500; Loss on disposal of discontinued operations (net of income tax benefit of $7,000), $22,000); selling expenses, $25,000; income taxes expense on continuing operations, $170,000. From this information, prepare the company’s income statement for the year ended June 30, 2011. Ignore earnings per share information. What is the total net income?a.