The December 31, 2021 (pre-closing) adjusted trial balance for Kline Enterprises was as follows: Account Title Debit Credit Accounts payable 107,000 Accounts receivable 187,000 Accumulated depreciationequipment 277,000 Common stock 507,000 Cash 43,000 Cost of goods sold 497,000 Depreciation expense 77,000 Equipment 734,000 Interest expense 7,000 Inventory 167,000 Note payable (due in six months) 77,000 Rent expense 47,000 Retained earnings 82,000 Salaries payable 25,000 Sales revenue 821,000 Salaries expense 137,000 Totals 1,896,000 1,896,000 Required: Assuming no income taxes, compute Kline's 2021 net income (or loss): (Loss amount should be indicated with a minus sign.)

The December 31, 2021 (pre-closing) adjusted trial balance for Kline Enterprises was as follows: Debit Credit 107,000 187,000 277,000 507,000 Account Title Accounts payable Accounts receivable Accumulated depreciation-equipment Common stock Cash Cost of goods sold Depreciation expense Equipment Interest expense Inventory Note payable (due in six months) Rent expense Retained earnings Salaries payable Sales revenue Salaries expense Totals 43,000 497,000 77,000 734,000 7,000 167,000 77,000 47,000 82,000 25,000 821,000 137,000 1,896,000 1,896,000 Required: Assuming no income taxes, compute Kline's 2021 net income (or loss): (Loss amount should be indicated with a minus sign.) Net income (or loss)