These items are taken from the financial statements of Swifty Corp. at December 31, 2018. Buildings $179,860 Accounts receivable 21,420 Prepaid insurance 7,956 Cash 20,128 Equipment 140,080 Land 104,040 Office expense 986 Income tax expense 340 Depreciation expense 9,010 Interest expense 4,420 Common shares 105,400 Retained earnings (January 1, 2018) 68,000 Accumulated depreciation-building 77,520 Accounts payable 14,280 Income taxes payable 1,870 Bank loan payable (due July 1, 2020) 159,120 Accumulated depreciation-equipment 31,824 Interest payable 6,120 Sales 24,106 (a) Calculate the net income for the year. Net income / (loss) $