Splish Brothers Inc., a public camping ground near the Four Corners National Recreation Area, has compiled the following financial information as of December 31, 2020.

Revenues during 2020camping fees		$204,400		Notes payable		$87,600
Revenues during 2020general store		68,620		Expenses during 2020		219,000
Accounts payable		16,060		Supplies on hand		3,650
Cash on hand		29,200		Common stock		29,200
Original cost of equipment		154,030		Retained earnings		?
Fair value of equipment		204,400

(a)

Determine Splish Brothers Inc.s net income for 2020.

Splish Brothers Inc.'s net income

$