resented below are changes in all the account balances of Oriole Furniture Co. during the current year, except for retained earnings. Increase (Decrease) Increase (Decrease) Cash $69,420 Accounts Payable $(51,730 ) Accounts Receivable (net) 51,000 Bonds Payable 84,980 Inventory 134,600 Common Stock 131,400 Investments (47,650 ) Paid-In Capital in Excess of ParCommon Stock 15,240 Compute the net income for the current year, assuming that there were no entries in the Retained Earnings account except for net income and a dividend declaration of $28,420 which was paid in the current year. Net income