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In Year 1, Aliyah's Boutique (a retail clothing company) sold 10,330 units of its product at an average price of $29 per unit. The company

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In Year 1, Aliyah's Boutique (a retail clothing company) sold 10,330 units of its product at an average price of $29 per unit. The company reported estimated returns and allowances in Year 1 of 2.0 percent of gross revenue. Aliyah's Boutique actually purchased 10,460 units of its product from its manufacturer in Year 1 at an average cost of $14 per unit. Aliyah's Boutique began Year 1 with 32,380 units of its product in inventory (carried at an average cost of $14 per unit). Operating expenses (excluding depreciation) for Aliyah's Boutique in Year 1 were $32,380, depreciation expense was $15,320, and interest expense was $9,200. Finally, Aliyah's Boutique's tax rate was 30 percent and Aliyah's Boutique paid of dividend of $3,800 at the end of Year 1. Aliyah's Boutique fiscal year runs from September 1 through August 31. Given this information, compute net income for Aliyah's Boutique for Year 1. Record your answer as a dollar amount rounded to 0 decimal places; do not include a dollar sign or any commas in your answer. For example, record $23,456.8905 as 23457

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