Use the balance sheets and information provided about revenue and expenses to answer the question. Revenue and expenses

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Use the balance sheets and information provided about revenueand expenses to answer the question.
Revenue and expenses information from January 1 to March 31,2022 were:Sales Revenue of $8,800,000COGS of 35% of SalesInterest of $80,000Other Expenses of $200,000SG&A of $1,760,000Tax Rate of 36%
What is the net income in the first quarter of2022?
Note: Revenue and expense amounts are provided in dollars butthe financial statement units are thousands of dollars.
Round the income taxes amount to the nearest integer when youapply the tax rate.
Please specify your answer in the same units as the financialstatements (i.e., enter the number from your completed incomestatement).