(Computation of Net Income) Presented below are changes in all the account balances of Jackson Furniture Co. during the current year, except for retained earnings.

Increase Increase (Decrease) (Decrease)

Cash $90,610 Accounts Payable $52,060 Accounts Receivable (net) 51,910 Bonds Payable 84,990 Inventory (134,240) Common Stock 131,460 Investments (55,500) Additional Paid-in Capital -13,450

Determine net income.