Aziz Company was started on January 1, 2009. The company incurred the following transactions during the year. (Assume all transactions are for cash unless otherwise indicated.)
1. Acquired $2,500 by issuing common stock.
2. Purchased $700 of direct raw materials.
3. Used $500 of these direct raw materials in the production process.
4. Paid production workers $900 cash.
5. Paid $800 for manufacturing overhead (assume applied and actual overhead are the same).
6. Started and completed 100 units of inventory.
7. Sold 80 units at a price of $30 each.
8. Paid $400 for selling and administrative expenses.
The amount of net income recognized by AML in 2009 is what?