Emery Mining Inc. recently reported $150,000 of sales, $75,500 of operating costs other than depreciation, and $10,200 of depreciation. The company had $16,500 of outstanding bonds that carry a 7.25% interest rate, and its combined federal and provincial corporate tax rate was 35%. How much was the firm's net income? Answer to the nearest cent (i.e. 2 decimal places)