Calculate the net income of the year

BuildingsAccountsreceivablePrepaidinsuranceCashEquipmentLandOfficeexpenseIncometaxexpenseDepreciationexpenseInterestexpenseCommonsharesRetainedearnings(January1,2025)Accumulateddepreciation-buildingsAccountspayableIncometaxespayableBankloanpayable(dueJuly1,2027)Accumulateddepreciation-equipmentInterestpayableServicerevenue$118,50014,1005,24013,26092,30068,5006502236,0002,91069,40044,80051,1009,4101,230104,80020,9704,03015,943

Buildings Accounts receivable Prepaid insurance Equipment Land Off ce expense Income tax expense Depreciation expense Interest expense Common shares Retained earnings (January I, 2025) Accumulated depreciation buildings Accounts payable Income taxes payable Sank loan payable (due July I, 2027) Accumulated depreciation equipment Interest payable Service revenue $118,500 14,100 s, 240 13,260 92,300 68,500 223 6,000 2,910 69,400 44,800 51,100 9,410 1,230 104,800 20,970 4,030 Buildings Accounts receivable Prepaid insurance Equipment Land Off ce expense Income tax expense Depreciation expense Interest expense Common shares Retained earnings (January I, 2025) Accumulated depreciation buildings Accounts payable Income taxes payable Sank loan payable (due July I, 2027) Accumulated depreciation equipment Interest payable Service revenue $118,500 14,100 s, 240 13,260 92,300 68,500 223 6,000 2,910 69,400 44,800 51,100 9,410 1,230 104,800 20,970 4,030