These items are taken from the financial statements of Concord Corp. at December 31, 2018. Cash Buildings $ 211,600 Accounts receivable 25,200 Prepaid insurance 9,360 23,680 Equipment 164,800 Land 122,400 Office expense 1,160 Income tax expense 400 Depreciation expense 10,600 Interest expense 5,200 Common shares 124,000 Retained earnings (January 1, 2018) Accumulated depreciation-building Accounts payable 16,800 Income taxes payable 2,200 Bank loan payable (due July 1, 2020) Accumulated depreciation-equipment Interest payable 7,200 Sales 28,360 80,000 91,200 187,200 37,440 Question: Calculate the net income for the year. Netincome / (loss) $ enter a total net income or loss amount