Grape Corp.. compiled the following financial information as of December 31, 2018 (in absolute numbers): Accumulated depreciation, equipment Cash and cash equivalents 33,750 375,000 Common stock Cost of goods sold Dividends Equipment 282,750 506,250 18,750 263,250 Inventory 296,250 Interest payable 75,000 Investments 60,000 Note payable due within 6 months 67,500 Rent expense 63,000 Retained earnings, 1/1/18 448,000 Sales Revenue 675000 Salary payable 92250 Selling, general and administrative expenses 75,000 Supplies 16,750 Grape Inc.'s net income or (loss) for the year ending December 31, 2018 is