The following refer to J Company for the year 2014: Sales of 950,000; WIP as of 12/31/2014 is 30,000; WIP as of 12/31/2013 is 40,000; selling expenses of 150,000; income tax expense of 90,000; Purchase of raw materials of 180,000; raw materials as of 12/31/2014 is 25,000; raw materials as of 1/1/2014 is 40,000; Direct labor cost of 200,000; utilities of production plant is 40,000; Depreciation of production equipment is 60,000; Finished goods at 12/31/2014 is 50,000; Finished Goods at 13/31/2013 is 20,000; Indirect materials used is 10,000; indirect labor cost is 15,000 and other manufacturing overhead is 80,000. What is the net income?