On 10 January 2022 Meredith Jane’s Restaurant placed a purchase order for cleaning supplies for the business from Glenn Peters Cleaning Supplies. The goods and the original tax invoice, number 75963, for $398.97 arrived on 13 January.

However, on checking the prices on the invoice against the purchase order, Meredith Jane found there was an overcharge on one of the main items and she requested a credit note for $74.80. The credit note, number 290145, for $74.80 arrived on 25 January. The payment terms were net 30 days; payment was made towards the end of February so that it would arrive at the supplier’s address by 25 February.

Calculate the net amount owed by Meredith Jane’s Restaurant to her supplier, Glenn Peters Cleaning Supplies.