Colby Corporation has provided the following information: Operating revenues from customers were $199,700. Operating expenses for the store were $111,000. Interest expense was $9,200. Gain from sale of plant and equipment was $3,300. Dividend payments to Colby's stockholders were $7,700. Income tax expense was $36,000. Prepaid rent was $5,000. What is the amount of Colby's income before income taxes?