Alpha Company provided the following data concerning its income statement: sales, $900,000; purchases, $404,000; beginning inventory, $255,000; ending inventory, $262,000; operating expenses, $111,000; freight-in, $5,000; sales discounts, $15,000; purchases discounts, $15,000; sales returns & allowances, $107,000; and purchases returns & allowances, $32,000.The data are efficient and provide the basis for preparation of an income statement.How much is net income?