Compute net income for $2025$ From the info given below.

Presented below are selected ledger accounts of Splish Corporation as of December 31, 2025. Cash $124,000 Administrative expenses 249,000 Selling expenses 198,000 Net sales 1,345,000 Cost of goods sold 522,000 Cash dividends declared (2025) 48,000 Cash dividends paid (2025) 36,500 Discontinued operations (loss before income taxes) 99,000 Depreciation expense, not recorded in 2024 75,000 Retained earnings, December 31, 2024 226,000 Effective tax rate = 20%