What is the net income

The Mallak Company produced three joint products at a joint cost of $100,000. Two of these products were processed further. Production and sales were:

Product Weight Sales Additional Processing Costs
P 300,000 lbs. $ 245,000 $ 200,000
Q 100,000 lbs. 30,000 -0-
R 100,000 lbs. 175,000 100,000

What is the net income of Mallak Company if the estimated net realizable value method of joint cost allocation is used?

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