The following list of accounts is from the adjusted trial balance for Sarasota Corporation: Accounts payable $115,240 Equipment $812,700 Accounts receivable 160,820 Income tax expense 52.460 Accumulated depreciation-buildings 84.280 Insurance expense 100.620 Accumulated depreciation-equipment 195,220 Inventory 199.520 Advertising expenses 96,320 Land & 946,000 Buildings 368,080 Loan payable (due in 2 years) 1,677,000 Cash 61,060 Prepaid expenses 24.940 Common shares : 197,800 Property tax payable 15,480 Cost of goods sold 958,040 Refund liability 18.060 Deferred revenue 27.520 Salaries expense 667,360 Depreciation expense 161,680 Salaries payable 22.360 Sales 2,256,640 Determine the amount of Sarasota's net income