Presented below are changes in all the account balances of Coronado Furniture Co. during the current year, except for retained earnings. Increase (Decrease) Increase (Decrease) Cash $69400 Accounts Payable $(52400) Accounts Receivable (net) 50300 Bonds Payable 83900 Inventory 130400 Common Stock 128000 Investments (47870) Paid-In Capital in Excess of Par-Common Stock 15480 Compute the net income for the current year, assuming that there were no entries in the Retained Earnings account except for net income and a dividend declaration of $24890 which was paid in the current year. Net income $