Presented below are changes in the account balances of Cullumber Company during the year, except for retained earnings. Increase (Decrease) Increase (Decrease) Cash $28,900 Accounts payable $34,200 Accounts receivable (net) (17,000) Bonds payable (19,100) Inventory 50,800 Common stock 61,900 Plant assets (net) 47,900 Paid-in capital 15,100 The only entries in Retained Earnings were for net income and a dividend declaration of $17,300. (a) Compute the net income for the current year. Net income +A $