Answer the following question based upon the information provided in the adjusted trial balance data given below from Cameron White Company's worksheet for the year ended December 31, 2004. The balance of the Notes Payable account consists of notes that are due within a year. The mortgage extends for more than a year. The beginning Retained Earnings account for the period was $49,000. The ending retained earnings for the period from the statement of retained earnings is $56,150. There were no dividends paid.

ADJ. TRIAL BALANCE

ACCOUNT NAME

DEBIT

CREDIT

Cash

$ 7,700

Petty Cash Fund

100

Notes Receivable

2,000

Accounts Receivable

13,500

Allowance for Doubtful Accounts

$ 1,100

Merchandise Inventory

51,000

Office Supplies

450

Prepaid Insurance

1,900

Land

8,000

Building

28,000

Accum. Depr.Building

7,000

Store Equipment

6,500

Accum. Depr.Store Equipment

2,500

Office Equipment

4,500

Accum. Depr.Office Equipment

1,500

Notes PayableShort-Term

12,500

Accounts Payable

16,500

Interest Payable

400

Mortgage Payable

26,000

Retained Earnings

56,150

Common Stock

26,000

$123,650

$123,650

What is the amount of net income for the period?