Williams Partners started a new business on October $1,2021.$ That same day, Williams Partners also received $$70,000$ of cash from issuing common stock and borrowed $$110,000$ from a friend. On October $1,2021$ Williams Partners also purchased equipment for $$79,200.$ The equipment has a useful life of $36$ months. On October $1,2021,$ Williams also paid $$36,000$ of cash to rent office space for a $24$ month period. During $2021,$ the Company provided services valued at $$5,400$ and had collected $$2,160$ of that amount at year$-$end. The company will collect the remaining portion in the following year.The company's payroll for $2021$ was $$2,000,$ which was paid in full during $2021.$ Use this information to find the company's net income in $2021?$