y. In 2018. Hermans, Inc. (a retail clothing company) sold 490.000 units of its product at an average price $50.00 per unit. The company reported estimated returns and allowances in 2018 of 1.5 percent of gross revenue. Hermans actually purchased 510.000 units of its product from its manufacturer in 2018 at an average cost of $35.00 per unit. Hermans began 2018 with 50.000 units of its product in inventory (carried at an average cost of $35.00 per unit), Operating expenses (excluding depreciation) for Hermans, Inc. in 2010 WTC 31,250,000 and depreciation expense was $250.000. Hermans had $4,500,000 in debt outstanding throughout all of 2018. This debt carried an average interest rate of 8,0 percent. Finally, Hermans' tax rate was 40 percent. Hermans' fiscal year runs from January 1 through December 31. Given this information, compute net income for Hermans for 2018