Sheffield Corporation purchased a tract of unimproved land for $598,000. This land was improved and subdivided into building lots at an additional cost of $119,000. These building lots were all of the same size but owing to differences in location were offered for sale at different prices as follows: Operating expenses for the year allocated to this project total $73,700. Lots unsold at the year-end were as follows: Group 19 lots Group 34 lots At the end of the fiscal year Sheffield Corporation instructs you to arrive at the net income realized on this operation to date. (Do not round intermediate calculations. Round final answer to 0 decimal places, e.g. 5,845.) Net income $