please explain your steps as in where yiu egt numbers from and what gets added or subtracted

Presented below are selected ledger accounts of Vaughn Corporation as of December 31, 2017 Cash $126,000 Administrative expenses 253,000 Selling expenses 202,000 Net sales 1,342,000 Cost of goods sold 522,000 52,000 38,900 Cash dividends declared (2017) Cash dividends paid (2017) Discontinued operations (loss before income taxes) Depreciation expense, not recorded in 2016 Retained earnings, December 31, 2016 99,000 75,000 222,000 Effective tax rate = 30% (a) Your answer is incorrect. Compute net income for 2017 Net income $ $