Suppose Lightspeed Industries has the following revenue and expenses for 2019:

Revenues of $9,800,000 Cost of Goods Sold of $1,960,000 Depreciation Expenses of $800,000 Income Taxes of $2,196,000 Interest Expenses of $170,000 Other Expenses of $400,000 Sales, General, & Administrative Expenses of $980,000

Create an income statement with amounts in thousands

What is the value of Net Income?

Please specify your answer in the same units as the income statement.