The following items are taken from the financial statements of Cullumber Company for 2022: Accounts payable $10,600 Accounts receivable 12,500 Accumulated depreciation-equipment 36,900 Advertising expense 21,400 Cash 13,000 Common stock 97,000 Depreciation expense 13,600 Dividends 16,000 Equipment 225,000 Insurance expense 2,600 Notes payable 65,000 Prepaid insurance 6,600 Rent expense 16,800 Retained earnings (beginning) 25,900 Salaries and wages expense 33,500 Salaries and wages payable 3,900 Service revenue 133,000 Supplies 4,600 Supplies expense 6,700 (a) Calculate the net income. Net income