These items are taken from the financial statements of Bridgeport Corp. at December $31,2025.$

Buildings $$110,000$

Accounts receivable $13,100$

Prepaid insurance $4,870$

Cash $12,310$

Equipment $85,700$

Land $63,600$

Office expense $600$

Income tax expense $207$

Depreciation expense $5,520$

Interest expense $2,700$

Common shares $64,500$

Retained earnings $($January $1,2025)41,600$

Accumulated depreciation$$buildings $47,400$

Accounts payable $8,740$

Income taxes payable $1,140$

Bank loan payable $($due July $1,2027)97,300$

Accumulated depreciation$$equipment $19,470$

Interest payable $3,740$

Service revenue $14,717$

$($a$)$

Calculate the net income for the year.