Calculating Net Income from Income Statement

ABC Widgets Inc. has released its income statement for the fiscal year ended June 30, 2023. Below are some of the figures reported:

- Total Revenue: $800,000

- Cost of Goods Sold (COGS): $500,000

- Operating Expenses: $150,000

- Interest Expense: $30,000

- Tax Expense: $20,000

Based on these figures, which of the following correctly calculates ABC Widgets Inc.'s net income for the fiscal year?