Pharoah Inc. produces three separate products from a common process costing $ 101,000. Each of the products can be sold at the split-off point or can be processed further and then sold for a higher price. Shown below are cost and selling price data for a recent period.

		Sales Value at Split-Off Point				Cost to Process Further				Sales Value after Further Processing
Product 10			$ 60,900				$ 100,500				$ 189,100
Product 12			15,200				30,500				34,700
Product 14			54,700				150,900				215,000

Determine total net income if all products are sold after further processing.

Net income

$