K2e-Y7g Company reported the following revenue and cost information for October: Sales revenue Variable costs Fixed costs... $328,000 $190,240 $101,680 K2e-Y7g Company re-negotiated it lease beginning in November. The old lease required fixed payments of $32,000 per month. The new lease eliminated these payments and instead required a monthly payment equal to 9% of sales for the month. K2e-Y7g Company reported sales revenue of $377,000 for the month of November. Calculate the net income reported by K2e-Y7g Company in November.