During its first year of operations, Silverman Company paid $10,285 for direct materials and $9,800 for production workers' wages. Lease payments and utilities on the production facilities amounted to $8.800 while general, selling, and administrative expenses totaled $4.300. The company produced 5,450 units and sold 3,300 units at a price of $7.80 a unit What was Silverman's net income for the first year in operation