In 2021, Dangerous Dragon, Inc. (a retail clothing company) sold 535,500 units of its product at an average price of $20 per unit. The company reported estimated Returns and allowances in 2021 of 3 percent of gross revenue. Dangerous Dragon actually purchased 550,000 units of its product from its manufacturer in 2021 at an average cost of $8 per unit. Dangerous Dragon began 2021 with 85,000 units of its product in inventory (carried at an average cost of $8 per unit). Operating expenses (excluding depreciation) for Dangerous Dragon, Inc. in 2021 were $2,362,150 and depreciation expense was $197,750. Dangerous Dragon had $10,000,000 in debt outstanding throughout all of 2021. This debt carried an average interest rate of 6 percent. Finally, Dangerous Dragon's tax rate was 40 percent. Dangerous Dragon's fiscal year runs from January 1 through December 31. Given this information, construct Dangerous Dragon's multi-step income statement for 2021. What did Dangerous Dragon, Inc. record as NET INCOME on its 2021 income statement?