Camer Lumber sells lumber and general building supplies to building contractors in a medium-sized town in Montana. Data regarding the store's operation's follow:

.sales are budgeted at $370,000 for November, $360,000 for December, and $340,000 for January.

.The cost of goods sold is 70% of Sales.

.Camer's uncollectible accounts are 2% of sales.

.Other monthly expenses to be paid in cash are $24,600.

.Monthly depreciation is $17,000.

.Ignore taxes

Calculate the net income for December. Show your work.