Cassell Company accepted credit cards in payment for $7,850 of services performed during March 2014. The credit card company charged Cassell a 3.05 percent service fee. The credit card company paid Cassell as soon as it received the invoices. Cost of goods sold amounted to $4,300.
Required
Based on this information alone, what is the amount of net income earned during the month of March? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
Net Income = ?