What is net income for Lululemon, a retail store, for September Year 5 after all entries and adjusting entries have been made for the month? In September Year 5, Lululemon sold $5,000 of gift cards. At the end of September, $2,000 of those gift cards had been redeemed for 40 shirts. The company had 100 shirts in beginning inventory with an inventory cost of $15 and 30 shirts were purchased in mid-September for an inventory cost of $18. Assume Lululemon uses the LIFO method of inventory. Lululemon purchased new equipment on August 1st Year 5 for $60,000. The company uses straight-line depreciation. the equipment has a salvage value of $10,000 and useful life of 10 years. The company records monthly adjusting entries for depreciation. Round to the nearest dollar