The December 31, 2018 (pre-closing) adjusted trial balance for Kline Enterprises was as follows:

Account Title	Debit			Credit
Accounts payable					92,000
Accounts receivable		172,000
Accumulated depreciation - equipment					262,000
Common stock					492,000
Cash		28,000
Cost of goods sold		482,000
Depreciation expense		62,000
Equipment		704,000
Interest expense		6,000
Inventory		152,000
Note payable (due in six months)					62,000
Rent expense		32,000
Retained earnings					66,000
Salaries and wages payable					10,000
Sales revenue					776,000
Salaries expense		122,000
Totals		1,760,000			1,760,000

Required: Assuming no income taxes, compute the Kline's 2018 net income (or loss):