Presented below are selected ledger accounts of Windsor Corporation as of December 31, 2017.

Cash

$67,300Administrative expenses

108,300Selling expenses

83,300Net sales

547,400Cost of goods sold

262,300Cash dividends declared (2017)

21,880Cash dividends paid (2017)

24,600Discontinued operations (loss before income taxes)

42,100Depreciation expense, not recorded in 2016

39,300Retained earnings, December 31, 2016

92,140Effective tax rate30%

(a)

Compute net income for 2017.