SUR Courses: Log in to the site X + courses/38929/assignments/5667913 These items are taken from the financial statements of Ayayai Corp. at December 31, 2018. Buildings $79,350 Accounts receivable 9,450 Prepaid insurance 3,510 Cash 8,880 Equipment 61,800 Land 45,900 Office expense 435 Income tax expense 150 Depreciation expense 3,975 Interest expense 1,950 Common shares 46,500 Retained earnings (January 1, 2018) 30,000 Accumulated depreciation-building 34,200 Accounts payable 6,300 Income taxes pavable 825 2:12 UR Courses: Log in to the site x + m/courses/38929/assignments/5667913 Accumulated depreciation-building 34,200 Accounts payable 6,300 Income taxes payable 825 Bank loan payable (due July 1, 2020) 70,200 Accumulated depreciation-equipment 14.040 Interest payable 2,700 Sales 10,635 (a) Calculate the net income for the year. Net income / (loss) $ List of Accounts Save for Later