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
Interest Expense $ 3,520	Accounts payable $ 45,000
Beginning Inventory (1/1/2020) $ 92,300	Land $ 120,000
Unearned Revenue $ 12,000	Sales returns and allowances 9,300
Salaries Expense $ 60,000	Other Operating Expenses $ 75,000
Prepaid Rent $ 12,000	Ending Inventory (31/12/2020) $50,500
Rent Revenue $ 8,200	Salaries payable $ 3,800

Required: Calculate the net Income (loss) for the Company, for the year ended 31/12/2020.

Note: (write your answer as a number only, no dollar signs or commas)