What is net income?

Waterway Company began operations in 2018 and for simplicity reasons, adopted weighted average pricing for inventory. In 2020, in accordance with other companies in its industry. Waterway changed its inventory pricing to FIFO. The pretax income data is reported below. Year 2018 2019 2020 Weighted Average $381,800 405.100 415,200 FIFO $411,000 432.600 469.900 Assume a 35% tax rate in all years. (a) What is Waterway's net income in 2020? Net Income $