Saunders Corporation recently began operations. Saunders uses the accrual accounting method. In Year $1,$ Saunders provided services to its customers and billed those customers for $$630,000.$ However, Saunders collected only $$520,000$ cash in Year $1,$ and the remaining $$110,000$ was collected in Year $2.$ In Year $1,$ Saunders Corporation$$s employees earned $$250,000$ in wages that were not paid until the first week of Year $2.$ Based only on this information, how much net income should Saunders Corporation report for Year $2?$