Vivaldi Company had assets of $$280,000$ and liabilities of $$120,000$ at the beginning of the year, and assets of $$400,000$ and liabilities of $$140,000$ at the end of the year. During the year, the owner invested an additional $$40,000$ in the business, and the company made withdrawals of $$48,000.$ What amount of net income did the company earn during the year?