Pair Inc. compiled the following financial information as of December 31, 2018 (in absolute numbers): Accumulated depreciation, equipment 67,500 Cash and cash equivalents 750,000 Common Stock 565,000 Cost of goods sold 1,012,000 Dividends 37,500 Equipment 526,500 Merchandise inventory 592,500 Interest payable 150,000 Investments 120,000 Note payable due in 6 months 135,000 Prepaid rent 120,000 Rent expense 126,000 Retained earnings, 1/1/15 982,500 Sales revenue 1,350,000 Salary payable 184,500 Selling, general and administrative expenses 150,000 Pair Inc's net income or (loss) for the year ending December 31, 2018 is $338.000 $24.000 $62.000 1558.500)