Question: ABC expects sales of $21,040,000 this year. The cost of goods sold is expected to be $11,856,000 while selling, general and administrative (SGA) expenses are forecast to be $4,900,000. The firm expects depreciation expenses to be $219,000 and expects to pay an average interest rate of 5.9% on its $4,008,000 of interest-bearing debt. Given its tax rate of 40%, what is the expected net income for ABC this year?(If it is a negative, be sure and enter a negative sign)