Prof. Frees is the sole stockholder of Lord Fairfax Ski Copany. As of Dec 31 the company has assets of 940000 and liabilites of 300000. Frees purchased and additional 73000 in capital stock and received 33000 in cash dividends from the business. What is the amount of net income assuming that asof Dec 31 assets were 995000 and liabilites were 270000