Haskins and Jones, Attorneys-at-Law, maintains its books on a cash basis. During 2021, the law firm collected $615,000 for services rendered to its clients and paid out $426,000 in expenses. You are able to determine the following information about accounts receivable, prepaid expenses, deferred service revenue, and accrued iabilities: Accounts receivable Prepaid insurance Prepaid rent Deferred service revenue Accrued liabilities (for various expenses) January 1, 2021 $76,000 5,900 10,600 10,600 December 2021 $67,900 7,380 9,500 12,400 13,600 17,900 In addition, 2021 depreciation expense on office equipment is $29,000 Required: Determine accrual basis net income for 2021. Add: Deduct: $