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Luna Company accepted credit cards in payment for $7,250 of services performed during July. The credit card company charged Luna a 3.05 percent service fee;

Luna Company accepted credit cards in payment for $7,250 of services performed during July. The credit card company charged Luna a 3.05 percent service fee; it paid Luna as soon as it received the invoices.

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Based on this information alone, what is the amount of net income earned during the month of July?

Note: Do not round intermediate values. Round final answer to 2 decimal places.

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