The following are all changes in the account balances of Pina Colada Ltd. during the current year, except for Retained Earnings:

		Increase (Decrease	)				Increase (Decrease	)
Cash		$80,000			Accounts payable		$(75,000	)
Accounts receivable (net)		71,000			Unearned revenue		25,000
Inventory		167,000			Bonds payable		81,800
Investments in FV-NI securities		(27,000	)		Common shares		126,000
					Contributed surplus		74,000

Calculate the net income for the current year, assuming that there were no entries in the Retained Earnings account except for net income and a dividend declaration of $21,300, which was paid in the current year.

Net income for the current year

$