Presented below are selected ledger accounts of Marigold Corporation as of December $31,2025.$

Cash

Administrative expenses

Selling expenses

$$43,000$

$86,000$

$68,800$

Net sales

$464,400$

Cost of goods sold

$180,600$

Cash dividends declared $(2025)$

$17,200$

Cash dividends paid $(2025)$

$12,900$

Discontinued operations $($loss before income taxes$),34,400$

Depreciation expense, not recorded in $2024,25,800$

Retained earnings, December $31,2024,77,400$

Effective tax rate $20\%$

$($a$)$

Compute net income for $2025.$

Net income $