These financial statement items are for Nurmury Corporation at year-end, December 31, 2015:

Salaries expense $20,000

Utilities expense 14,900

Equipment 15,900

Accounts Payable 6,220

Sales Revenue 69,600

Service Revenue 20,000

Common stock 29,400

Cost of Goods Sold (COGS) 38,700

Cash 10,140

Accounts receivable 8,780

Short-term investments 10,000

Dividends 14,000

Inventories X

Salaries payable 5,000

Retained earnings (Jan. 1, 2011) 25,200

Calculate the net income for the year.