Net Income Calculation for ABC Inc.

ABC Inc. is a company that operates in the technology sector. In its most recent income statement, ABC Inc. reported the following figures:

- Revenues: $1,200,000

- Cost of Goods Sold (COGS): $800,000

- Operating Expenses: $200,000

- Interest Expense: $50,000

- Income Tax Expense: $30,000

Based on this information, which of the following amounts reflects the Net Income for ABC Inc.?