During the year, belyk paving co. had sales of $2,470,000. cost of goods sold, administrative and selling expenses, and depreciation expense were $1,346,000, $655,000, and $459,000, respectively. in addition, the company had an interest expense of $284,000 and a tax rate of 23 percent. (ignore any tax loss or carryforward provision and assume interest expense is fully deductible.)