Company reported the following revenue and cost information for October: Sales revenue Variable costs Fixed costs ... $522,000 $318,420 $114,840 Company re-negotiated it lease beginning in November. The old lease required fixed payments of $15,000 per month. The new lease eliminated these payments and instead required a monthly payment equal to 3% of sales for the month. Company reported sales revenue of $558,000 for the month of November. Calculate the net income reported by Company in November.