You are given the following accounts for ABC Company, on 31 December 2020: Accounts Receivable $ 26,000 Sales discounts $4,200 Sales Revenue $ 628,000 Cost of goods purchased $288,000 Accounts payable $ 45,000 Interest Expense $3.520 Beginning Inventory (1/1/2020) $ 92,300 Land $ 120,000 Unearned Revenue $ 12,000 Sales returns and allowances 9.300 Salaries Expense $ 60,000 Prepaid Rent $ 12,000 Other Operating Expenses $ 75,000 Ending Inventory (31/12/2020) $50,500 Salaries payable $3,800 Rent Revenue $ 8.200 Required: Calculate the net Income (loss) for the Company, for the year ended 31/12/2020