Use the following data to calculate the current ratio. Cash Accounts receivable Inventory Short-term investments Land (held for future. use) Land Buildings Less: Accumulated depreciation Franchise Total assets $336000 (61100) Skysong, Inc. Balance Sheet December 31, 2022 $128800 120800 202900 85500 257500 282000 274900 205100 $1557500 Accounts payable Salaries and wages payable Note payable (due 2025) Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $163000 30300 266300 $459600 $361000 736900 $1097900 $1557500 M Metlock, Inc. had the following transactions during 2021: Sales of $9720 on account Collected $4320 for services to be performed in 2022 Paid $2340 cash in salaries for 2021 Purchased airline tickets for $540 in December for a trip to take place in 2022 What is Metlock's 2021 net income using cash basis accounting?