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Use the balance sheets and information provided about revenue and expenses to answer the question. Dansko Integrated Balance Sheet As of December 31, 2018 (amounts

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

Dansko Integrated Balance Sheet As of December 31, 2018 (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, 2019 (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, 2019 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 2019?

Please specify your answer in the same units as the balance sheets and round your answer to the nearest integer.

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