Use the balance sheets and information provided about revenue and expenses to answer the question.

Dansko Integrated Balance Sheet As of December 31, 2022 (amounts in thousands)
Cash	99,000	Accounts Payable	27,000
Accounts Receivable	45,000	Debt	35,000
Inventory	38,000	Other Liabilities	10,000
Property Plant & Equipment, Gross	235,000	Total Liabilities	72,000
Accumulated Depreciation	67,000	Paid-In Capital	80,000
Property Plant & Equipment, Net	168,000	Retained Earnings	214,000
Other Assets	16,000	Total Equity	294,000
Total Assets	366,000	Total Liabilities & Equity	366,000

Dansko Integrated Balance Sheet As of March 31, 2023 (amounts in thousands)
Cash	96,000	Accounts Payable	36,000
Accounts Receivable	41,000	Debt	33,000
Inventory	46,000	Other Liabilities	2,202
Property Plant & Equipment, Gross	235,000	Total Liabilities	71,202
Accumulated Depreciation	68,100	Paid-In Capital	80,000
Property Plant & Equipment, Net	166,900	Retained Earnings	215,698
Other Assets	17,000	Total Equity	295,698
Total Assets	366,900	Total Liabilities & Equity	366,900

Revenue and expenses information from January 1 to March 31, 2023 were: Sales Revenue of $7,800,000 COGS of 30% of Sales Interest of $60,000 Other Expenses of $600,000 SG&A of $780,000 Tax Rate of 35%

What is the net income in the first quarter of 2023?

Note: Revenue and expense amounts are provided in dollars but the financial statement units are thousands of dollars.

Round the income taxes amount to the nearest integer when you apply the tax rate.

Please specify your answer in the same units as the financial statements (i.e., enter the number from your completed income statement).