Sheridan Company began operations in 2018 and for simplicity reasons, adopted weighted average pricing for inventory. In 2020, in accordance with other companies in its industry, Sheridan changed its inventory pricing to FIFO. The pretax income data is reported below. Year 2018 2019 2020 Weighted Average $384.500 400,000 421,400 FIFO $412.900 438,700 473,600 Assume a 35% tax rate in all years. (a) What is Sheridan's net income in 2020? Net Income $