In 2010, Dangerous Dragon, Inc. (a retail clothing company) sold 570,543 units of its product at an average price of $17 per unit. The company reported estimated Returns and allowances in 2010 of 3 percent (.03) of gross revenue. Dangerous Dragon actually purchased 550,000 units of its product from its manufacturer in 2010 at an average cost of $12 per unit. Dangerous Dragon began 2010 with 85,000 units of its product in inventory (carried at an average cost of $12 per unit). Operating expenses (excluding depreciation) for Dangerous Dragon, Inc. in 2010 were $2,322,480 and depreciation expense was $248,490. Dangerous Dragon had $10,000,000 in debt outstanding throughout all of 2010. This debt carried an average interest rate of 6 percent (.06). Finally, Dangerous Dragons tax rate was 40 percent. Dangerous Dragons fiscal year runs from January 1 through December 31. Given this information, construct Dangerous Dragons 2010 multi-step income statement. What did Dangerous Dragon, Inc. record as NET INCOME on its 2010 income statement?

The professor gave me the correct answer of -365,539, but idk how he got there. Please help!