Calculating Net Income from Income Statement Components

During a recent analysis of a manufacturing firm's income statement, you note that it includes various components such as revenues, costs, and expenses.

Consider the following details: the company reported gross revenues of $2,000,000, cost of goods sold amounted to $1,200,000, and operating expenses were $500,000. Additionally, the company recognized non-operating income of $100,000 and incurred interest expense totaling $50,000.

The management is concerned about the reported operating income and its impact on net income. Based on this information, how much is the net income for the firm?