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Johnstone Inc. had a net loss of $89,300 prior to the following transactions: . The company wrote off accounts of customers owing $35,500. The company recovered $8,300 in receivables from customers whose accounts had previously been written off. The company recorded bad debts expense of $49,200 based on an aging of its receivables. What would Johnstone's net income (or loss) be after these transactions? (Enter loss using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945).) Net income (loss) $