Assume a company's net cash provided by operating activities is $86,000, It provided the following excerpts from its balance sheet: This Year Last Year Current assets: Accounts receivable $40,000 $46,000 Inventory $53,000 $50,000 Prepaid expenses $13,000 $11,000 Current liabilities: Accounts payable $38,000 $44,000 Accrued liabilities $18,000 $15,000 Income taxes payable $13,000 $10,000 Also assume the company incurred a loss on the sale of equipment of $4,000 and the credits to its accumulated depreciation account are $18,600. Based solely on the information provided, the company's net income would be