A company had the following activity during a month: sales $ 250,000; cost of goods sold $ 150,000; selling expenses $ 45,000; general and administrative expenses $ 25,000; income tax expense $ 15,000. Ending inventory balances were: raw materials $ 65,000; work-in- process $ 18,000; finished goods $ 45,000. Calculate the gross profit and net income for the month.​