please answer

Siam Traders Balance Sheet As of December 31, 2017 (amounts in thousands) Cash Accounts Receivable Inventory 91,000 Accounts Payable 44,000 Debt 48,000 Other Liabilities 234,000 Total Liabilities 78,000 Paid-In Capital 156,000 Retained Earnings 26,000 Total Equity 19,000 24,000 6,000 49,000 69,000 247,000 316,000 365,000 Property Plant & Equipment, Gross Accumulated Depreciation Property Plant & Equipment, Net Other Assets Total Assets 365,000 Total Liabilities & Equity Siam Traders Balance Sheet As of March 31, 2018 (amounts in thousands) 25,000 23,300 -6,720 41,580 69,000 248,720 317,720 359,300 Cash Accounts Receivable Inventory 96,000 Accounts Payable 45,000 Debt 38,000 Other Liabilities 234,000 Total Liabilities 78,700 Paid-In Capital 155,300Retained Earnings 25,000 Total Equity Property Plant & Equipment, Gross Accumulated Depreciation Property Plant & Equipment, Net Other Assets Total Assets 359,300 Total Liabilities & Equity Revenue and expenses information from January 1 to March 31, 2018 were: Sales Revenue of $9,600,000 COGS of 35% of Sales Interest of $160,000 Other Expenses of $400,000 SG&A of $1,920,000 Tax Rate of 34% What is the net income in the first quarter of 2018? Please specify your answer in the same units as the balance sheets and round your answer to the nearest integer