Exercise 4-05 The following are all changes in the account balances of Sarasota Ltd. during the current year, except for Retained Earnings: Cash Accounts receivable (net) Inventory Investments in FV-NI securities Increase (Decrease) $90,000 Accounts payable 64,000 Unearned revenue 161,000 Bonds payable (26,000) Common shares Contributed surplus Increase (Decrease) $(70,900) 24,000 77,800 120,000 69,900 Calculate the net income for the current year, assuming that there were no entries in the Retained Earnings account except for net income and a dividend declaration of $21,600, which was paid in the current year. Net income for the current year