Ivanhoe Corporation has outstanding at December 31,2022,46,500 shares of $19 par value, cumulative, 6\% preferred stock and 202,000 shares of $8 par value common stock. All shares were outstanding the entire year. During 2022 , Ivanhoe earned total revenues of $1,960,000 and incurred total expenses (except income taxes) of $1,170,000. Ivanhoe's income tax rate is 20%. (a1) Calculate Ivanhoe's 2022 net income. Net Income $ eTextbook and Media Attempts: 0 of 3 used