Presented below are changes in all the account balances of Splish Furniture Co. during the current year, except for retained earnings. Increase (Decrease) Increase (Decrease) $(52,120) Cash Accounts Receivable (net) Inventory Investments $70,960 Accounts Payable 84,090 127,800 47850) Paid-In Capital in Excess of Par-Common Stock 15,390 51,200 Bonds Payable 134,200 Common Stock 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 $26,090 which was paid in the current year. Net income 90220