Exercise 4-1 Presented below are changes in all the account balances of Oriole Furniture Co. during the current year, except for retained earnings. Increase (Decrease) Increase (Decrease) Cash $69,400 Accounts Payable $(51,080 ) Accounts Receivable (net) 49,700 Bonds Payable 83,640 Inventory 128,900 Common Stock 132,600 Investments (48,080 ) Paid-In Capital in Excess of ParCommon Stock 15,730 Compute 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 $24,570 which was paid in the current year. Net income $ ......... ??