K3e-27g Company reported the following revenue and cost information for October: Sales revenue Variable costs Fixed costs $634,000 $234,580 $266,280 K3e-Z7g Company re-negotiated it lease beginning in November. The old lease required fixed payments of $37,000 per month. The new lease eliminated these payments and instead required a monthly payment equal to 6% of sales for the month. K3e-27g Company reported sales revenue of $689,000 for the month of November. Calculate the net income reported by K3e-27g Company in November.