Given the following income statement, what is the net income for a given accounting period assuming taxes are $25,000? Item $
Revenues
Sales 200,000

Expenses
Expenses 15,000
Interest expense 5,000
Cost of goods sold 60,000

Pre-tax income 60,000

Net income

A.
$120,000
B.
$60,000
C.
$35,000
D.
$140,000
E.
$95,000