These items are taken from the financial statements of Monty Corp. at December 31, 2018. Buildings $142,830 Accounts receivable 17,010 Prepaid insurance 6,318 Cash 15,984 Equipment 111,240 Land 82,620 Office expense 783 Income tax expense 270 Depreciation expense 7,155 Interest expense 3,510 Common shares 83,700 Retained earnings (January 1, 2018) 54,000 Accumulated depreciation-building 61,560 Accounts payable 11,340 Income taxes payable 1,485 Bank loan payable (due July 1, 2020) 126,360 Accumulated depreciation-equipment 25,272 Interest payable 4,860 Sales 19,143 (a) Calculate the net income for the year. Net income / (loss) $