Alpha Company provided the following data concerning its income statement: sales, $855,000; purchases, $413,000; beginning inventory, $240,000; ending inventory, $272,000; operating expenses, $120,000; freight-in, $5,000; sales discounts, $27,000; purchases discounts, $15,000; sales returns & allowances, $131,000; and purchases returns & allowances, $44,000.The data are complete and provide the basis for preparation of an income statement.How much is net income?