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Problem $13-6$AA $($Static$)$ Income statement computations and format LO A$2$

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Selected account balances from the adjusted trial balance for Olinda Corporation as of its calendar year$-$end December $31$ follow. Assume that the company's income tax rate is $30\%$ for all items.

$\backslash$table$[[$a$.$ Interest revenue,Debit,Credit$],[$b$.$ Depreciation expense$-$Equipment,,$ $14,000],[$c$.$ Loss on sale of equipment,$ $34,000,],[$d$.$ Accounts payable,,$],[$e$.$ Other operating expenses,$106,400,44,000],[$f$.$ Accumulated depreciation$-$Equipment,$106,400,],[$g$.$ Gain from settlement of lawsuit,,$44,000],[$h$.$ Accumulated depreciation$-$Buildings,,$174,500],[$i$.$ Loss from operating a discontinued segment $($pretax$),18,250,174,500],[$j$.$ Gain on insurance recovery of tornado damage,,$20,000],[$k$.$ Net sales,,$998,000],[$l$.$ Depreciation expense$-$Buildings,$52,000,],[$m$.$ Correction of overstatement of prior year's sales $($pretax$),16,000,],[$n$.$ Gain on sale of discontinued segment's assets $($pretax$),,34,000],[$o$.$ Loss from settlement of lawsuit,$23,250,],[$p$.$ Income tax expense,?,$],[$q$.$ Cost of goods sold,$482,500,]]$

Problem $13-6$AA $($Static$)$ Part $4$

$4.$ What is the amount of net income for the year?

Net income