The following items and amounts are taken from the 2015 financial records of Digital Co.:

Security deposit... $ 3,200 Salaries payable.. $ 6,000

Equipment.. 29,000 Share capital 10,500

Salaries expense 42,000 Supplies expense 4,700

Utilities expense. 1,100 Retained earnings, Jan. 1, 2015 12,000

Dividends. 7,600 Insurance expense 4,400

Accounts payable 10,200 Service revenue 75,000

Cash 7,700 Repair expense 4,500

Accounts receivable.. 9,500

Required:

Compute Net Income. (Dont need to prepare an income statement in good form).