Help Save & Ex Rich Company sells yachts. The yachts have a standard two year warranty included in the sales price and an optional additional two-year extended warranty available for purchase. Tiger Woods bought 1 yacht on January 1, 20X1, information on the sale is below. He bought the extended warranty. Sales price Cost of goods sold 9,000,000 7,659.000 Extended warranty sales price 612,000 Estimated costs for warranty Standard warranty 252.000 Extended warranty 398,000 Actual cost of warranty work performed Warranty cost in 20X1 103,000 Warranty cost in 20X2 116,000 Warranty cost in 20X3 233.000 282,000 Warranty cost in 20X4 Assuming no taxes, what is the net income (revenues less expenses) recognized in 20X3 from this sale?