Corp has provided the following information:

Operating revenues from customers were $199,000.

Unearned revenue was $12,000.

Operating expenses were $110,000.

Interest expense was $9,200.

Cash Interest payment was $8,500.

Gain from sale of plant and equipment was $3,300.

Dividend payments to stockholders were $7,700.

Income tax expense was $36,000.

Prepaid rent was $5,000.

Required:

How much was the net income?