Alpha Company provided the following data concerning its income statement: sales, $1,010,000; purchases, $368,000; beginning inventory, $260,000; ending inventory, $227,000; operating expenses, $90,000; freight-in, $5,000; sales discounts, $15,000; purchases discounts, $15,000; sales returns & allowances, $86,000; and purchases returns & allowances, $35,000.The data are complete and provide the basis for preparation of an income statement.How much is net income?