Sugarland Industries reported a net income of $810,750 on December 31,2024 . At the beginning of the year, the company had 560,000 common shares outstanding. On April 1, the company sold 30,600 shares for cash. On August 31 , the company issued 55,200 additional shares as part of a merger. Required: Compute Sugarland's net income that would produce a basic EPS of $2.30 per share for 2024