A companys financial records at the end of the year included the following amounts:

Cash	$ 70,200
Accounts Receivable	28,200
Supplies	4,200
Accounts Payable	10,200
Notes Payable	5,100
Retained Earnings, beginning of year	17,200
Common Stock	42,000
Service Revenue	51,700
Wages Expense	8,200
Advertising Expense	5,200
Rent Expense	10,200

What is the amount of net income on the Income Statement for the year?