Presented below are changes in the account balances of Wenn Company during the year, except for retained earnings.

Increase

(Decrease)Increase

(Decrease)Cash

$28,900Accounts payable$33,500Accounts receivable (net)

(18,840)Bonds payable

(20,320)Inventory

50,040Common stock

62,300Plant assets (net)

47,480Paid-in capital15,020

The only entries in Retained Earnings were for net income and a dividend declaration of $17,580.

(a)Compute the net income for the current year.

Net income$

Concord, Inc. sold 10,210 season tickets at $2,190 each. By December 31, 2017, 16 of the 40 home games had been played. What amount should be reported as a current liability at December 31, 2017?

Current liability$