Presented below are selected ledger accounts of Bramble Corporation as of December 31, 2020.

Cash		$53,000
Administrative expenses		106,000
Selling expenses		84,800
Net sales		572,400
Cost of goods sold		222,600
Cash dividends declared (2020)		21,200
Cash dividends paid (2020)		15,900
Discontinued operations (loss before income taxes)		42,400
Depreciation expense, not recorded in 2019		31,800
Retained earnings, December 31, 2019		95,400
Effective tax rate 20%

(a)

Compute net income for 2020.

Net income

$