Baucom Company accepted credit cards in payment for $6,850 of merchandise sold during March 2012. The credit card company charged…

Baucom Company accepted credit cards in payment for $6,850 of merchandise sold during March 2012. The credit card company charged Baucom a 3 percent service fee. The credit card company paid Baucom as soon as it received the invoices. Cost of goods sold amounted to $3,800.

 

Required:

What is the amount of net income earned during the month of March? (Do not round your intermediate calculations. Round your answer to nearest penny. Omit the “$” sign in your response.)