You are given the following accounts for ABC Company, on 31 December 2020: Accounts Receivable $ Sales discounts $4,200 26,000 Sales Revenue $ 628,000 Cost of goods purchased $ 288,000 Interest Expense $ 3,520 Accounts payable $ 45,000 Land $ 120,000 Beginning Inventory (1/1/2020) $ 92,300 Unearned Revenue $ 12,000 Sales returns and allowances 9,300 Salaries Expense $ 60,000 Other Operating Expenses $ 70,000 Prepaid Rent $ 12,000 Ending Inventory (31/12/2020) $50,500 Rent Revenue $ 4,000 Salaries payable $3,800 Required: Calculate the net Income (loss) for the Company, for the year ended 31/12/2020