Question: ABC expects sales of $21,234,000 this year. The cost of goods sold is expected to be $11,447,000 while selling, general and administrative (SGA) expenses are forecast to be $4,151,000. The firm expects depreciation expenses to be $137,000 and expects to pay an average interest rate of 4.3% on its $4,202,000 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)