Lansing Manufacturers produces can openers. For the first six months of 2014, the company reported the following operating results for 16,000 units, while operating at 80% of plant capacity.

Sales	$2,000,000
Cost of goods sold	1,200,000
Gross profit	800,000
Operating expenses	420,000
Net income	$ 380,000

Cost of goods sold was 75% variable and 25% fixed. Operating expenses were 60% variable and 40% fixed. In July of 2014, Lansing receives a special order for 3,000 can openers at $85.75 each from a foreign company. The can openers normally sell for $112.00. Acceptance of the special order would result in $1,000 of shipping costs but no increase in fixed operating expenses.

Instructions

Calculate the net income from special order