Calculating Net Income from Income Statement

In a recent financial report, XYZ Corporation disclosed the following items for the fiscal year ending December 31, 2022:

• Revenue: $1,500,000
• Cost of Goods Sold: $900,000
• Operating Expenses: $350,000
• Interest Expense: $50,000
• Income Tax Expense: $60,000

Based on this information, what is the net income for XYZ Corporation for the fiscal year 2022?