Chawan LP started a new business on December 1, 2021. That same day, Chawan LP also received $100,000 of cash from issuing common stock and borrowed $220,000 from a friend. On December 1, 2021 Chawan LP also purchased equipment for $129,600. The equipment has a useful life of 36 months. On December 1, 2021, Chawan also paid $76,800 of cash to rent office space for a 48 month period. During 2021, the Company provided services valued at $6,400 and had collected $3,840 of that amount at year-end. The company will collect the remaining portion in the following year.The company's payroll for 2021 was $4,300, which was paid in full during 2021. Use this information to find the company's net income in 2021?