On December 22, 2018 Bayer Company placed an order to purchase merchandise on account from Sell fast, Inc. Sell fast lists the merchandise in the online catalog at a price of $8,000 and carries the goods on the balance sheet at a historical cost of $2,700. Bayer Co. is a good customer and was able to negotiate the following terms: (i) a 2.5% trade discount and (ii) payment terms of 1/10, n/30. The goods were shipped by Sell fast, Inc with terms FOB Destination on December 28, 2018 and were delivered to Bayer Companys facility on January 4, 2019. On December 28 (i.e., at the time of shipment), Sell fast, Inc paid $240 of shipping cost and on January 4, (at the time of delivery) Bayer Co. returned $700 of merchandise to Sell fast, Inc. (the returned items had an original cost to Sell fast of $280). Bayer Company paid Sell fast, Inc in full on January 5.

Consider the above facts and select the answer choice below that shows the net income reported by Sell fast, Inc. for this transaction. (Round your final answers to the nearest $1).