Sarah's Theatrics, Inc. sells costumes and props. The company incurred the following transactions during May 2023. Cash received from customers in exchange for merchandise $200,000 Reduction of inventory associated with merchandise sold to customers $120,000 Payment of employee wages $30,000 Payment of payroll taxes $2,700 Payment of the monthly electricity bill $500 Payment of a dividend to shareholders $2,000 What net income did will the company report on its May 2023 income statement? Enter the number without any formatting (i.e. do not type a comma or dollar sign).