Exercise 4-8 (Part Level Submission) Presented below are selected ledger accounts of Tucker Corporation as of December 31, 2014. Cash $52,000 Administrative expenses 109,300 Selling expenses 80,300 Net sales 548,200 Cost of goods sold 269,700 Cash dividends declared (2014) 23,300 Cash dividends paid (2014) 16,200 Discontinued operations (loss before income taxes) 45,600 Depreciation expense, not recorded in 2013 32,500 Retained earnings, December 31, 2013 97,100 Effective tax rate 30% Collapse question part (a) Compute net income for 2014.