Haskins and Jones, Attorneys-at-Law, maintains its books on a cash basis. During 2021, the law firm collected $580,000 for services rendered to its clients and paid out $419,000 in expenses. You are able to determine the following information about accounts receivable, prepaid expenses, deferred service revenue, and accrued liabilities:

	January 1, 2021			December 31, 2021
Accounts receivable	$	69,000		$	58,000
Prepaid insurance		5,200			6,800
Prepaid rent		9,900			8,500
Deferred service revenue		9,900			12,000
Accrued liabilities (for various expenses)		12,900			16,500

In addition, 2021 depreciation expense on office equipment is $25,500. Required: Determine accrual basis net income for 2021.