Net Income Calculation for MegaMachinery Inc.

A manufacturing company, MegaMachinery Inc., has published its income statement for the fiscal year ended December 31, 2023. The statement reflects gross revenues of $4,500,000, cost of goods sold amounting to $2,000,000, operating expenses of $1,000,000, and interest expenses totaling $200,000. Additionally, MegaMachinery reported a 30% tax rate on its taxable income, which is calculated after accounting for all expenses and before-tax income. Given this information, what is the net income reported by MegaMachinery for the fiscal year?