Presented below are selected ledger accounts of Whispering Corporation as of December 31, 2025. Cash Administrative expenses Selling expenses Net sales Cost of goods sold Cash dividends declared (2025) Cash dividends paid (2025) Discontinued operations (loss before income taxes) Depreciation expense, not recorded in 2024 Retained earnings, December 31, 2024 Effective tax rate 20% $65,000130,000104,000702,000273,00026,00019,50052,00039,000117,000 (a) Your answer is incorrect. Compute net income for 2025. Net income $