Dansko Integrated Balance Sheet As of December 31, 2019 (amounts in thousands)
Cash	140,000	Accounts Payable	19,000
Accounts Receivable	47,000	Debt	37,000
Inventory	39,000	Other Liabilities	17,000
Property Plant & Equipment, Gross	207,000	Total Liabilities	73,000
Accumulated Depreciation	65,000	Paid-In Capital	66,000
Property Plant & Equipment, Net	142,000	Retained Earnings	235,000
Other Assets	6,000	Total Equity	301,000
Total Assets	374,000	Total Liabilities & Equity	374,000

Dansko Integrated Balance Sheet As of March 31, 2020 (amounts in thousands)
Cash	139,000	Accounts Payable	19,000
Accounts Receivable	57,000	Debt	47,000
Inventory	29,000	Other Liabilities	5,432
Property Plant & Equipment, Gross	207,000	Total Liabilities	71,432
Accumulated Depreciation	66,200	Paid-In Capital	66,000
Property Plant & Equipment, Net	140,800	Retained Earnings	236,368
Other Assets	8,000	Total Equity	302,368
Total Assets	373,800	Total Liabilities & Equity	373,800

Revenue and expenses information from January 1 to March 31, 2020 were: Sales Revenue of $9,700,000 COGS of 40% of Sales Interest of $150,000 Other Expenses of $200,000 SG&A of $1,940,000 Tax Rate of 37%

What is the net income in the first quarter of 2020?