please specity your answer in the same units as the balance sheets and round your answer to the nearest interger

Use the balance sheets and information provided about revenue and expenses to answer the question. Nippon Technology Balance Sheet As of December 31, 2018 (amounts in thousands) 137,000 Accounts Payable 32,000 Debt 51,000 Other Liabilities Cash Accounts Receivable Inventory Property Plant & Equipment, Gross Accumulated Depreciation Property Plant & Equipment, Net Other Assets Total Assets 227,000 Total Liabilities 73,000 Paid-In Capital 154,000 Retained Earnings 8,000 Total Equity 382,000 Total Liabilities & Equity 20,000 36,000 9,000 65,000 72,000 245,000 317,000 382,000 Cash Accounts Receivable Inventory Property Plant & Equipment, Gross Accumulated Depreciation Property Plant & Equipment, Net Other Assets Total Assets Nippon Technology Balance Sheet As of March 31, 2019 (amounts in thousands) 140,000 Accounts Payable 26,000 Debt 56,000 Other Liabilities 227,000 Total Liabilities 73,800 Paid-In Capital 153,200 Retained Earnings 12,000 Total Equity 387,200 Total Liabilities & Equity 28,000 32,000 8,670 68,670 72,000 246,530 318,530 387,200 Revenue and expenses information from January 1 to March 31, 2019 were: Sales Revenue of $7,900,000 COGS of 40% of Sales Interest of $80,000 Other Expenses of $600,000 SG&A of $790,000 Tax Rate of 34% What is the net income in the first quarter of 2019