Presented below are changes in all the account balances of Wildhorse Furniture Co. during the current year, except for retained earnings. Cash Accounts Receivable (net) Inventory Investments Increase (Decrease) $71,190 48,200 129,800 (48,900) Accounts Payable Bonds Payable Common Stock Paid-In Capital in Excess of Par-Common Stock Increase (Decrease) $(52,460) 82,370 134,400 15,280 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 $24,750 which was paid in the current year. Net income 46100