Cintu is a large marketer and distributor of food service products serving restaurants, hotels, schools, hospitals, and other institutions. The following transactions are typical of those that occurred in a recent year, but the amounts are simplified. Borrowed $121,000 from a bank, signing a short-term note payable. Provided $102,700 in service to customers, with $97,300 on account and the rest received in cash. Purchased equipment for $140,000 in cash. Incurred and paid employee wages of $2,100. Received $530 on account from a customer. Incurred and paid $5,850 cash for travel costs during the year. Paid $9,300 cash on accounts payable. Incurred $27,600 in utility expenses during the year, of which $22,200 was paid in cash and the rest owed on account.

Q: Calculate the companys preliminary net income.