Sunland Company had the following assets and liabilities on the dates indicated. December 31 Total Assets Total Liabilities 2021 $487,000 $167,000 2022 $547,000 $217,000 2023 $677,000 $317,000 Sunland began business on January 1, 2021, with an investment of $91,000. From an analysis of the change in owner's equity during the year, compute the net income (or loss) for: (a) 2021, assuming Sunland's drawings were $15,000 for the year. Net income for 2021 $ 305.000