These items are taken from the financial statements of Marigold Corp. at December 31, 2018. Buildings $132,250 Accounts receivable 15,750 Prepaid insurance 5,850 Cash 14,800 Equipment 103,000 Land 76,500 Office expense 725 Income tax expense 250 Depreciation expense 6,625 Interest expense 3,250 Common shares 77,500 Retained earnings (January 1, 2018) 50,000 Accumulated depreciation-building 57,000 Accounts payable 10,500 Income taxes payable 1,375 Bank loan payable (due July 1, 2020) 117,000 Accumulated depreciation-equipment 23,400 Interest payable 4,500 Sales 17,725 Calculate the net income for the year. Net income / (loss) $