Presented below are selected ledger accounts of Oriole Corporation as of December 31, 2025. Cash Administrative expenses Selling expenses $59,000 118,000 94,400 Net sales 637,200 Cost of goods sold 247,800 Cash dividends declared (2025) 23,600 Cash dividends paid (2025) 17,700 Discontinued operations (loss before income taxes) 47,200 Depreciation expense, not recorded in 2024 35,400 Retained earnings, December 31, 2024 106.200 Effective tax rate 20% (a) Your answer is incorrect. Compute net income for 2025. Net income $