Question 5 K3e-Z8g Company reported the following revenue and cost information for October: Sales revenue Variable costs ........... Fixed costs $522,000 $318,420 $114,840 K3e-Z8g Company re-negotiated it lease beginning in November. The old lease required fixed payments of $18,000 per month. The new lease eliminated these payments and instead required a monthly payment equal to 4% of sales for the month. K3e-Z8g Company reported sales revenue of $563,000 for the month of November. Calculate the net income reported by K3e-Z8g Company in November. 5 pts