Elan Corporatio acountants have asmbled the flwling data for the year ended June 30, 2020:

Net Income $?????

Cost of goods sold $115,000

Payment of dividends 6,300

Other operating expenses 41000

Proceeds from the issuance of common stock 20,000

Purchase of equipment with cash 36000

Sales revenue 223,000

Increase in current liabilities 6,000

Increase in current assets other than cash 37 ,000

Payments of note payable 31,000

Purchase of treasury stock 8,000

Proceeds from sale of land 34,000

Depreciation expense 12,000

Ending Cash, 12/31/2020 10,000

Beginning Cash, 1/1/2020 1,700

prepare cash flow and how to calculate net income?