Stanley and Jones Lawn Service Company (S& J) maintains its records on the cash basis. During 20x3, S&J collected $73,600 from customers and paid $20,500 in expenses. Depreciation expense of $4,600 would have been recorded on the accrual basis. Over the course of the year, accounts receivable increased $5,600, prepaid expenses decreased $1,000, and accrued liabilities decreased $2,400. What was S&J's accrual-basis net income for the year ended December 31, 20x3