Trabucco Group started a new business on November 1, 2021. That same day, Trabucco Group also received $200,000 of cash from issuing common stock and borrowed $100,000 from a friend. On November 1, 2021 Trabucco Group also purchased equipment for $76,800. The equipment has a useful life of 48 months. On November 1, 2021, Trabucco also paid $102,000 of cash to rent office space for a 60 month period. During 2021, the Company provided services valued at $12,000 and had collected $9,600 of that amount at year-end. The company will collect the remaining portion in the following year.The company's payroll for 2021 was $7,500, which was paid in full during 2021. Use this information to find the company's net income in 2021?