On January 1, 2024, two private companies that report under ASPE, Wildhorse Ltd. and Cale Inc., were incorporated. Each company operates a restaurant and had identical revenues during the year of $4 million but Wildhorse bought its building for $1.8 million and the related land for $900,000. The company estimated that the building would have a useful life of 20 years with no residual value. Wildhorse uses the straight-line method of depreciation. Because of the building purchase, Wildhorse had an outstanding 4% bank loan during the year amounting on average to $2.8 million. Cale, however, did not buy a building. Instead, it rented a building under a five-year operating lease starting on January 1, 2024, for $14,000 per month. Because of this, the company had to install leasehold improvements for $200,000, which were completed in the first few days of January. Because Cale did not have to buy a building, its outstanding 4\% bank loan during 2024 averaged only $350,000. The income tax rate for both companies is 22%. Assume both companies had identical revenues and expenses except for the items noted above. Your answer is incorrect. If Luxor had net income of $150,000 for the year ended December 31, 2024, what net income did Cale have? (Round intermediate calculation and final answer to 0 decimal places, e.g. 5,275.) Cale net income $