The accounting records of Fabiano Distribution show the following assets and liabilities as of December 31, 2010 and 2011.

December 31		2010		2011
Cash	$	43,894	$	6,731
Accounts receivable		23,826		18,680
Office supplies		3,758		2,753
Office Equipment		115,374		122,895
Trucks		45,148		54,148
Building		0		150,502
Land		0		37,554
Accounts Payable		62,640		31,068
Note payable		0		88,056

Late in December 2011, the business purchased a small office building and land for $188,056. It paid $100,000 cash toward the purchase and an $88,056 note payable was signed for the balance. Mr. Fabiano had to invest $35,000 cash in the business in exchange for stock to enable it to pay the $100,000 cash. The business also pays $3,300 cash per month for dividends

By comparing equity amounts from the balance sheets and using the additional information presented in this problem, prepare a calculation to show how much net income was earned by the business during 2011. (Negative amounts should be indicated by a minus sign. Omit the "$" sign in your response.)

please answer the last blank