Below is the balance sheet for Southern Comfort Company for December 31 of 2020 and 2021. 2020 2021 2020 2021 Cash 1,600 2,300 Accounts payable 4,800 6,900 Accounts receivable 4,800 6,900 Current liabilities 4,800 6,900 Inventory 4,800 6,900 Long-term debt 9,600 13,800 Current assets 11,200 16,100 Total liabilities 14,400 20,700 Net fixed assets 20,800 29,900 Equity 17,600 25,300 Total assets 32,000 46,000 Total liab. & equity 32,000 46,000 A partial income statement for 2021 is also given: Sales Amount 110,400 Operating costs except dep. 60,720 Depreciation Interest Taxes (34%) Part 1 What was net income in 2021? decimals Submit 16,560 11,040 DER Attempt 1/3 for 10 pts.