What is the total NET Income? Use the following information to compute the NET Income for the period.

Beginning raw materials = 5,500

Ending raw materials = 4,000

Direct labor = 12,250

Raw materials purchased =7,400

Depreciation on factory equipment = 6,500

Factory repairs and maintenance = 3,300

Beginning finished goods inventory = 10,200

Ending finished goods inventory = 8,900

Beginning goods in process inventory = 5,700

Ending goods in process inventory = 6,300

Sales revenue = $96,250

Selling expenses = 20,500

Advertising = $3,250

Administrative Expenses = $18,750