Selected accounts from the December 31, 2015 trial balances of POGI Co. and its branch follow:

	POGI Co.	BRANCH
Inventory, Jan. 1	46,000	23,100
Branch current	116,600	0
Purchases	380,000	50,000
Shipments from Home Office	0	209,000
Freight in	15,000	11,000
Expenses	104,000	58,100
Home office current	0	(106,600)
Sales	(310,000)	(280,000)
Shipments to Branch	(200,000)	0
Branch merchandise mark up	(22,000)	0

As of December 31, 2015, a shipment with a billing price of 11,000 was in transit to the branch.

Freight cost, is always 5% of the billing price.

Merchandise on hand at year-end were:

at home office, 64,000 at cost;

at branch, 33,000 at billing price and 15,000 purchased from outsiders.

How much is the combined net income for 2015?