10. Noah's is a retail pet store with eight departments, including a rat supply department that has been operating at a loss. The following condensed income statement gives the latest year's operating results: Rat Dept All Other Dept Total All Dept Sales C of G Sold Gross Profit 336,000 201,600 134,400 2,400,000 1,560,000 840,000 2,736,000 1,761,600 974,400 Traceable Fixed Expenses Common Fixed Expenses Total SG&A Expenses 108,000 48,000 156,000 273,000 312,000 585,000 381,000 360,000 741,000 Net Income (Loss) (21,600) 255,000 233,400 If the rat department were discontinued, the space occupied could be rented out to an outside firm for $18,000 per year, and the common fixed expenses of the firm would be reduced by $4,500. What would be Noah's net income in this case? (Ignore income taxes in your calculations.)