Blossom Industries manufactures sump-pumps. Its most popular product is called the Super Soaker, which has a retail price of $1,170 and costs $510 to manufacture. It sells the Super Soaker on a standalone basis directly to businesses. Blossom also provides installation services for these commercial customers, who want an emergency pumping capability (with regular and back-up generator power) at their businesses. Blossom also distributes the Super Soaker through a consignment agreement with Menards. Income data for the first quarter of 2025 from operations other than the Super Soaker are as follows. Blossom has the following information related to two Super Soaker revenue arrangements during the first quarter of 2025. 1. Blossom sells 30 Super Soakers to businesses in flood-prone areas for a total contract price of $57,300. In addition to the pumps, Blossom also provides installation (at a cost of $150 per pump). On a standalone basis, the fair value of this service is $190 per unit installed. The contract payment also includes a $10 per month service plan for the pumps for 3 years after installation (Blossom's cost to provide this service is $7 per month). The Super Soakers are delivered and installed on March 1 , 2025 , and full payment is made to Blossom. Any discount is applied to the pump/installation bundle. 2. Blossom ships 300 Super Soakers to Menards on consignment. By March 31, 2025, Menards has sold two-thirds of the consigned merchandise at the listed price of $1,170 per unit. Menards notifies Blossom of the sales, retains a 5% commission, and remits the cash due Blossom. (a) Determine Blossom Industries' 2025 first-quarter net income. (Ignore taxes.) Net income $