Presented below are changes in all the account balances of Oriole Furniture Co. during the current year, except for retained earnings. Increase Decrease) Increase (Decrease) $70,400 Cash $(51,060) Accounts Payable 84,740 Accounts Receivable (net) 53,100 Bonds Payable 127,600 127,400 Inventory Common Stock 13,620 (47.150) Investments Paid-In Capital in Excess of Par-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 $28,470 which was paid in the current year. Net income $