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These items are taken from the financial statements of Flint Corp. at December 31, 2018. Buildings $116,380 Accounts receivable 13,860 Prepaid insurance 5,148 Cash 13,024

These items are taken from the financial statements of Flint Corp. at December 31, 2018.

Buildings $116,380
Accounts receivable 13,860
Prepaid insurance 5,148
Cash 13,024
Equipment 90,640
Land 67,320
Office expense 638
Income tax expense 220
Depreciation expense 5,830
Interest expense 2,860
Common shares 68,200
Retained earnings (January 1, 2018) 44,000
Accumulated depreciationbuilding 50,160
Accounts payable 9,240
Income taxes payable 1,210
Bank loan payable (due July 1, 2020) 102,960
Accumulated depreciationequipment 20,592
Interest payable 3,960
Sales 15,598

Calculate the net income for the year.

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