With the following information, calculate the net income or net loss:

Gross Sales $-$ $$431,948$

Sales Returns and Allowance $-$ $$23,495$

Sales Discounts $-$ $$39,394$

Beginning Inventory $-$ $$132,495$

Gross Purchases $-$ $$86,794$

Purchase Returns and Allowances $-$ $$18,329$

Purchases Discounts $-$ $$29,342$

Ending Inventory $-$ $$95,328$

Operating Expenses $-$ $$109,273$