These items are taken from the financial statements of Ayayai Corp. at December 31, 2025. Buildings $106,900 Accounts receivable 12,700 Prepaid insurance 4,730 Cash 11,960 Equipment 83,200 Land 61,800 Office expense 590 Income tax expense 201 Depreciation expense 5,400 Interest expense 2,630 Common shares 62,600 Retained earnings (January 1, 2025) 40,400 Accumulated depreciation-buildings 46,100 Accounts payable 8,480 Income taxes payable 1,110 Bank loan payable (due July 1, 2027) 94,500 Accumulated depreciation-equipment 18,910 Interest payable 3,640 Service revenue 14,371 (a) X Your answer is incorrect. Calculate the net income for the year. Net income $ 2630