$\backslash$table$[[\backslash$table$[[$Lightspeed Industries$],[$Balance Sheet$],[$As of December $31,2024],[($amounts in thousands$)]]],[$Cash$,141,000,$Accounts Payable,$19,000],[$Accounts Receivable,$32,000,$Debt,$36,000],[$Inventory$,49,000,$Other Liabilities,$20,000],[\backslash$table$[[$Property Plant $8],[$Equipment$,$ Gross$]],231,000,$Total Liabilities,$75,000],[$Accumulated Depreciation,$68,000,$Paid$-$In Capital,$72,000],[\backslash$table$[[$Property Plant $\backslash$table$[[\backslash$table$[[$Lightspeed Industries$],[$Balance Sheet$],[$As of December $31,2024],[($amounts in thousands$)]]],[$Cash$,141,000,$Accounts Payable,$19,000],[$Accounts Receivable,$32,000,$Debt,$36,000],[$Inventory$,49,000,$Other Liabilities,$20,000],[\backslash$table$[[$Property Plant $8],[$Equipment$,$ Gross$]],231,000,$Total Liabilities,$75,000],[$Accumulated Depreciation,$68,000,$Paid$-$In Capital,$72,000],[\backslash$table$[[$Property Plant $\backslash$table$[[\backslash$table$[[$Lightspeed Industries$],[$Balance Sheet$],[$As of December $31,2024],[($amounts in thousands$)]]],[$Cash$,141,000,$Accounts Payable,$19,000],[$Accounts Receivable,$32,000,$Debt,$36,000],[$Inventory$,49,000,$Other Liabilities,$20,000],[\backslash$table$[[$Property Plant $8],[$Equipment$,$ Gross$]],231,000,$Total Liabilities,$75,000],[$Accumulated Depreciation,$68,000,$Paid$-$In Capital,$72,000],[\backslash$table$[[$Property Plant $\backslash$table$[[\backslash$table$[[$Lightspeed Industries$],[$Balance Sheet$],[$As of December $31,2024],[($amounts in thousands$)]]],[$Cash$,141,000,$Accounts Payable,$19,000],[$Accounts Receivable,$32,000,$Debt,$36,000],[$Inventory$,49,000,$Other Liabilities,$20,000],[\backslash$table$[[$Property Plant $8],[$Equipment$,$ Gross$]],231,000,$Total Liabilities,$75,000],[$Accumulated Depreciation,$68,000,$Paid$-$In Capital,$72,000],[\backslash$table$[[$Property Plant

$\backslash$table$[[\backslash$table$[[$Lightspeed Industries$],[$Balance Sheet$],[$As of December $31,2024],[($amounts in thousands$)]]],[$Cash$,141,000,$Accounts Payable,$19,000],[$Accounts Receivable,$32,000,$Debt,$36,000],[$Inventory$,49,000,$Other Liabilities,$20,000],[\backslash$table$[[$Property Plant $8],[$Equipment$,$ Gross$]],231,000,$Total Liabilities,$75,000],[$Accumulated Depreciation,$68,000,$Paid$-$In Capital,$72,000],[\backslash$table$[[$Property Plant & Equipment,$],[$Net$]],163,000,$Retained Earnings,$243,000],[$Other Assets,$5,000,$Total Equity,$315,000],[$Total Assets,$390,000,$Total Liabilities & Equity,$390,000]]$

$\backslash$table$[[$Lightspeed Industries Balance Sheet As of March $31,2025($amounts in thousands$)],[$Cash$,145,000,$Accounts Payable,$26,000],[$Accounts Receivable,$37,000,$Debt,$32,000],[$Inventory$,45,000,$Other Liabilities,$18,619],[$Property Plant $8$ Equipment, Gross,$231,000,$Total Liabilities,$76,619],[$Accumulated Depreciation,$68,600,$Paid$-$In Capital,$72,000],[$Property Plant & Equipment, Net,$162,400,$Retained Earnings,$245,781],[$Other Assets,$5,000,$Total Equity,$317,781],[$Total Assets,$394,400,$Total Liabilities & Equity,$394,400]]$

Revenue and expenses information from January $1$ to March $31,2025$ were:

Sales Revenue of $$9,200,000$

COGS of $25\%$ of Sales

Interest of $$190,000$

Other Expenses of $$300,000$

SG$8$A of $$920,000$

Tax Rate of $37\%$

What is the net income in the first quarter of $2025?$