Calculating Net Income from Income Statement

Assume you are analyzing the income statement of a manufacturing company for the fiscal year ending December 31, 2022. The company reports revenues of $1,000,000, cost of goods sold (COGS) of $600,000, and operating expenses of $200,000. The income statement also reflects interest expenses of $50,000 and a tax rate of 30%. Based on this information, what is the company's net income for the year?