Curwen Inc. reported net cash flow from operating activities of $162,400 on its statement of cash flows for the year ended December 31. The following information was reported in the Cash flows from operating activities section of the statement of cash flows, using the indirect method:

Decrease in income taxes payable	$3,300
Decrease in inventories	8,100
Depreciation	12,500
Gain on sale of investments	5,600
Increase in accounts payable	2,300
Increase in prepaid expenses	1,400
Increase in accounts receivable	6,100

a. Determine the net income reported by Curwen Inc. for the year ended December 31. $ ______________.