The following account balances relate to the stockholders' equity accounts of Blossom Corp. at year-end. Common stock, 10,780 and 10,280 shares, respectively, for 2027 and 2026 Preferred stock, 5,290 shares Retained earnings 2027 2026 $159,230 $138,430 137,540 137,540 287,550 292,490 A small stock dividend was declared and issued in 2027. The market price of the shares was $8,600. Cash dividends both 2027 and 2026. The common stock has no par or stated value. (a) What was the amount of net income reported by Blossom Corp. in 2027? Net income $