Calculating Net Income from Income Statement Components

Consider the following information regarding the income statement of ABC Holdings, a publicly traded company. For the fiscal year ended December 31, 2023, the company reported the following figures:

- Revenues: $5,000,000

- Cost of Goods Sold (COGS): $3,000,000

- Selling, General and Administrative Expenses (SG&A): $1,200,000

- Interest Expense: $200,000

- Income Tax Expense: $300,000

- Other Income: $100,000

Given this information, what would be the net income reported on the income statement of ABC Holdings for the fiscal year 2023?