The Sky Blue Corporation has the following adjusted trial balance at December $31.$

Debit Credit

Cash $ $1,380$

Accounts Receivable $3,500$

Prepaid Insurance $3,800$

Notes Receivable $($long$-$term$)4,500$

Equipment $19,500$

Accumulated Depreciation $ $5,600$

Accounts Payable $6,920$

Salaries and Wages Payable $1,750$

Income Taxes Payable $4,400$

Deferred Revenue $900$

Common Stock $3,900$

Retained Earnings $1,600$

Dividends $450$

Sales Revenue $55,530$

Rent Revenue $450$

Salaries and Wages Expense $24,600$

Depreciation Expense $2,800$

Utilities Expense $5,720$

Insurance Expense $2,900$

Rent Expense $7,500$

Income Tax Expense $4,400$

Total $ $81,050$ $ $81,050$

Required:

Prepare an income statement for the year ended December $31.$

How much net income did the Sky Blue Corporation generate during the year?