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The changes in account balances for Elder Company for 2013 are as follows: Assets $486,000 debit Common stock 232,000 credit Liabilities 155,000 credit Paid-in capital

The changes in account balances for Elder Company for 2013 are as follows:

Assets	$486,000 debit
Common stock	232,000 credit
Liabilities	155,000 credit
Paid-in capital excess of par	13,000 credit

Assuming the only changes in retained earnings in 2013 were for net income and a $69,000 dividend, what was net income for 2013?

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