Alpha Company provided the following data concerning its income statement: sales, $855,000; purchases, $473,000; beginning inventory, $200,000; ending inventory, $282,000; operating expenses, $96,000; freight-in, $5,000; sales discounts, $25,000; purchases discounts, $15,000; sales returns & allowances, $122,000; 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?

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