On January 1, Pruhart Company had these assets, liabilities, and equity:

Cash	$100
Inventory	140
Accounts Payable	70
Paid-in Capital	150
Retained Earnings	20

During the year, Pruhart Company entered into the following transactions:

a. Sold Inventory costing $80 for a total of $120. Cash of $30 was received, and the remaining $90 was put on account.

b. Paid cash for employee wages of $15.

c. Paid cash dividends of $10.

What is Pruhart Companys net income for the year?