Sugarland Industries reported a net income of $680,750 on December 31, 2018. At the beginning of the year, the company had 430,000 common shares outstanding On April 1, the company sold 22,800 shares for cash. On August 31, the company issued 3960 additional shares as part of a merger Required: Compute Sugarland's net income that would produce a basic EPS of $165 per share for 2018