At the beginning of Year $2,$ Oak Consulting had the following normal balances in its accounts: Account Balance Cash $ $27,000$ Accounts receivable $18,400$ Accounts payable $14,700$ Common stock $16,900$ Retained earnings $14,600$ The following events apply to Oak Consulting for Year $2$: Provided $$72,900$ of services on account. Incurred $$2,900$ of operating expenses on account. Collected $$50,900$ of accounts receivable. Paid $$39,700$ cash for salaries expense. Paid $$15,840$ cash as a partial payment on accounts payable. Paid a $$9,000$ cash dividend to the stockholders.

What is the amount of NET INCOME for the year??