Presented below are changes in all the account balances of Bramble Furniture Co. during the current year, except for retained earnings. Increase (Decrease) Increase (Decrease) Cash $70,360 Accounts Payable $(52,610 ) Accounts Receivable (net) 48,300 Bonds Payable 84,270 Inventory 133,900 Common Stock 134,700 Investments (47,730 ) Paid-In Capital in Excess of Par—Common Stock 13,220 Compute the net income for the current year, assuming that there were no entries in the Retained Earnings account except for net income and a dividend declaration of $23,000 which was paid in the current year.