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Reiju's platoon manufactures tools. Its most popular product is called the Chip Chap, which has a retail price of $ 1 , 2 0 0

Reiju's platoon manufactures tools. Its most popular product is called the Chip Chap, which has a retail price of $1,200 and costs $540 to manufacture. It sells the Chip Chap on a standalone basis directly to businesses. Reiju's also provides installation services for commercial customers. Reiju's also distributes the Chip Chap through a consignment agreement with Big retail stores such as Menards. Income data for the first quarter of 2025 from operations other than the Chip Chap are as follows....
Revenues: $9,500,000
Expenses: $7,750,000
Reiju's has the following information related to two Chip Chap revenue arrangements during the first quarter of 2025...
Reiju's sells 30 Chip Chaps to businesses for a total contract price of $54,600. In addition, Reiju's provides installation (at a cost of $150 each). On a standalone basis, the fair value of this service is $200 per unit installed. The contract payment also incudes a $10 per month service plan for 3 years after installation (Reiju's cost to provide this service is $7 per month). The Chip Chaps are delivered and installed on March 1,2025, and full payment is made by Reiju's. Any discount is applied to the product/installation bundle.
Reiju's ships 300 Chip Chap's to Menards on consignment. By March 31,2025, Menards has sold two thirds of the consigned merchandise at the listed price of $1,200 per unit. Menards notifies Reiju's of the sales, retains a 5% commission, and remits the cash due to Reiju's.
QUESTION: What is Reiju's 2025 first-quarter net income? Ignoring taxes.

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