Accounts payable $163,480 Equipment $1,152,900 Accounts receivable 228,140 Income tax expense 74,420 Accumulated depreciation-buildings 119,560 Insurance expense 142,740 Accumulated depreciation-equipment 276.940 Inventory 283,040 Advertising expenses 136,640 Land 1,342.000 Buildings 522,160 Loan payable (due in 2 years) 2.379.000 Cash 86,620 Prepaid expenses 35.380 Common shares 280,600 Property tax payable 21,960 Cost of goods sold 1,359,080 Refund liability 25.620 Deferred revenue 39,040 Salaries expense 946,720 Depreciation expense 229,360 Salaries payable 31,720 Sales 3,201,280 Determine the amount of Swifty's net income