Show me the steps to solve Below is a list of random accounts. Calculate net income. $($no dollar signs please$)$

Cash $-$ $$18,500$

Sales Revenue $-$ $$55,000$

Accounts Receivable $-$ $$7,200$

Advertising Expense $-$ $$3,500$

Retained Earnings $-$ $$25,000$

Cost of Goods Sold $($COGS$)-$ $$30,000$

Prepaid Insurance $-$ $$2,800$

Interest Income $-$ $$1,200$

Common Stock $-$ $$35,000$

Rent Expense $-$ $$4,000$

Accumulated Depreciation$-$ $$8,000$

Dividends $-$ $$5,000$

Supplies $-$ $$1,500$

Consulting Revenue $-$ $$9,000$

Long$-$Term Investments $-$ $$42,000$