Lakeview School, a private high school, is preparing a planned income statement for the coming academic year ending August 31, 2010. Tuition revenues for the past two years ending August 31 were $820,000 for 2009 and $870,000 for 2008. Total expenses for 2009 were $810,000 and for 2008 were $830,000. No tuition rate changes occurred in 2008 or 2009, nor are any expected to occur in 2010. Tuition revenue is expected to be $810,000 for 2010. What net income should be planned for 2010, assuming that the implied cost behaviour remains unchanged?