During the month of March 2014, Weimar World, a tax-preparation service, had the following transactions.

• Billed $296,000 in revenues on credit
• Received $164,000 from customers accounts receivable
• Incurred expenses of $134,000 but only paid $77,700 cash for these expenses

What was the companys accrual basis net income for the month? (Do not include commas or a dollar sign in your answer.)