The following are changes in all account balances of Kingbird Furniture during the current year, except for retained earnings. Increase (Decrease) Increase (Decrease) Cash 97.980 Accounts Payable E(72.420) Accounts Receivable (net) 63,900 Bonds Payable 116,440 Inventory Investments 180,340 (66.740 Share Capital-Ordinary 195.960 Compute 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 34,080 which was paid in the current year. Net income