Using the information below, calculate net income for the period.

Sales revenues for the period	$1,304,000
Operating expenses for the period	$239,000
Finished Goods Inventory, January 1	36,000
Finished Goods Inventory, December 31	41,000
Cost of goods manufactured for the period	$540,000

$774,000.

$769,000.

$530,000.

$535,000.

$448,000.