Dani Trading Inc. (DTI) is a merchandiser that uses the indirect method to prepare the operating activities section of its statement of cash flows. Its balance sheet for this year is as follows:

	Ending Balance		Beginning Balance
Cash	$	97,200			$	116,700
Accounts receivable		77,600				83,600
Inventory		104,200				95,000
Property, plant and equipment		276,000				266,000
Less accumulated depreciation		(92,000	)			(66,500	)
Total assets	$	463,000			$	494,800
Accounts payable	$	60,800			$	108,000
Income taxes payable		47,200				62,800
Bonds payable		114,000				95,000
Common stock		133,000				114,000
Retained earnings		108,000				115,000
Total liabilities and stockholders equity	$	463,000			$	494,800

During the year, DTI paid a $11,400 cash dividend and it sold a piece of equipment for $5,700 that had originally cost $13,200 and had accumulated depreciation of $8,800. The company did not retire any bonds or repurchase any of its own common stock during the year.

Required:

What net income would the company include on its statement of cash flows?