what is the net income

Adjusted Trial Balance December 31, 2016 Dr. Cr. Cash 245000 Accounts receivable 200000 Inventory 200000 Prepaid rent 55000 Prepaid insurance 18500 Equipment 250000 Accumulated depreciation Equip 50000 Accounts Payable 290000 Advertising payable 54500 Income tax payable 10000 Dividends payable 11500 Unearned revenues 80500 Notes Payable (due June 2018) 150000 Common Shares 200000 Dividends declared 19000 Sales revenues 600000 Dividend revenue 60000 Cost of goods sold 280000 Supplies expense 13500 Wages expense 17000 Interest expense 29000 Depreciation expense 52500 Insurance expense 13000 Advertising expense 84000 Income tax expense 21000