The following financial information has been collected for Polite Ltd for the month of October 2020.

Accounts	Balance($)
Cash	25,300
Inventory	45,600
Prepaid expenses	10,800
interest expense	3,500
Interest revenue	469
Sales revenue	398,600
Insurance expense	50,000
Supplies	80,000
Supplies expense	35,000
Owner's drawings	1,400
salary expense	150,700
COGS	210,400
Unearned revenue	34,500

Required: Calculate in the net income of Polite Ltd for the Month ending October 31, 2020.