During its first year of operations, Severman Company paid $17,065 for direct materials and 510,400 for production workers' wages Leme payments and utilities on the production facilities amounted to $9.400 while general, selling and administrative expenses totaled 54,900 The company produced 6,350 units and sold 3.900 units at a price of $8.40 a unit What was Silverman's net income for the first year in operation