11. 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: All Total Rat Other All Dept Dept Dept Sales 336,000 2,400,000 2,736,000 C of G Sold 201,600 1,560,000 1,761,600 Gross Profit 134,400 840,000 974,400 Traceable Fixed Expenses 108,000 273,000 381,000 Common Fixed Expenses 48,000 312,000 360,000 Total SG&A Expenses 156,000 585,000 741,000 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 $20,000 per year, and the common fixed expenses of the firm would be reduced by $4,750. What would be Noah's net income in this case? (Ignore income taxes in your calculations.)