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Oldidea Inc has the following data for January 2020. Finished-good account: Beginning inventory: $1,000 Ending inventory: 5400 Cost of soods manufactured: $1.500 Sales revenue: $5,000

Oldidea Inc has the following data for January 2020. Finished-good account: Beginning inventory: $1,000 Ending inventory: 5400 Cost of soods manufactured: $1.500 Sales revenue: $5,000 Non-manufacturing cost: $1,000 What is the net income of the company for January? (Please provide step by-step on how to derive the final answer otherwise, no paint will be given)

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