The following information relates to Blue Spruce Corp. for the year 2022. Retained earnings, January 1, 2022 $55,680 Advertising expense $2,090 Dividends during 2022 5,800 Rent expense 12,060 Service revenue 72,500 Utilities expense 3,600 Salaries and wages expense 32,480 Other comprehensive income (net of tax) 460 (a) Your answer is incorrect. After analyzing the data, compute net income. Net income/(loss) $