These items are taken from the financial statements of Culver Corp. at December 31, 2022 $ 104,800 Buildings Accounts receivable Prepaid insurance 12,600 4.680 Cash 11,840 Equipment 82,200 Land 60.800 580 200 5,300 2.200 62,000 40,000 Office pense Income tax spense Depreciation expense Interest expense Common shares Retained earnings January 1, 2022) Accumulated depreciation-buildings Accounts payable Income taxes payable Bank loan payable (due July 1, 2024) Accumulated depreciation-equipment Interest payable Sales 45,600 8.500 1.200 93.000 18.720 3.600 12,580 (a) Na Calculate the net income for the year. Net Income