The following are changes in all account balances of Sunland Furniture during the current year, except for retained earnings. Increase (Decrease) Increase (Decrease) Cash 86,940 Accounts Payable (64,260 ) Accounts Receivable (net) 56,700 Bonds Payable 103,320 Inventory 160,020 Share Capital-Ordinary 173,880 Investments (59,220) 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 30,240 which was paid in the current year.