Recording credit card sales
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
Based on this information alone, what is the amount of net income earned during the month of March?
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