The following items are taken from the financial statements of Wildhorse Co. for 2022: Accounts payable Accounts receivable Accumulated depreciation-equipment Advertising expense Cash Common stock Depreciation expense Dividends Equipment Insurance expense Notes payable Prepaid insurance Rent expense Retained earnings (beginning) Salaries and wages expense Salaries and wages payable Service revenue Supplies Supplies expense $11,500 12,100 38,800 20,300 14,100 94,000 12,200 15,000 230,000 3,700 78,500 6,400 17,400 19,000 34,000 2,700 131,000 4,500 5,800 (a) Calculate the net income. Net income $