Use the balance sheets and information provided about revenue and expenses to answer the question. Dansko Integrated Balance Sheet As of December 31, 2023 (amounts in thousands) Cash 99,000 Accounts Payable 27,000 Accounts Receivable 45,000 Debt 35,000 Inventory 38,000 Other Liabilities 10,000 Property Plant & Equipment, Gross 235,000 Total Liabilities 72,000 Accumulated Depreciation 67,000 Paid-In Capital 80,000 Property Plant & Equipment, Net 168,000 Retained Earnings 214,000 Other Assets 16,000 Total Equity 294,000 Total Assets 366,000 Total Liabilities & Equity 366,000 Dansko Integrated Balance Sheet As of March 31, 2024 (amounts in thousands) Cash 96,000 Accounts Payable 36,000 Accounts Receivable 41,000 Debt 33,000 Inventory 46,000 Other Liabilities 2,202 Property Plant & Equipment, Gross 235,000 Total Liabilities 71,202 Accumulated Depreciation 68,100 Paid-In Capital 80,000 Property Plant & Equipment, Net 166,900 Retained Earnings 215,698 Other Assets 17,000 Total Equity 295,698 Total Assets 366,900 Total Liabilities & Equity 366,900 Revenue and expenses information from January 1 to March 31, 2024 were: Sales Revenue of $7,800,000 COGS of 30% of Sales Interest of $60,000 Other Expenses of $600,000 SG&A of $780,000 Tax Rate of 35% What is the net income in the first quarter of 2024? Note: Revenue and expense amounts are provided in dollars but the financial statement units are thousands of dollars. Round the income taxes amount to the nearest integer when you apply the tax rate. Please specify your answer in the same units as the financial statements (i.e., enter the number from your completed income statement).