Johnstone Inc. had a net loss of $89,200 prior to the following transactions:

• The company wrote off accounts of customers owing $36,100.
• The company recovered $8,900 in receivables from customers whose accounts had previously been written off.
• The company recorded bad debts expense of $48,300 based on an aging of its receivables.

Required

What would Johnstone’s net income (or loss) be after these transactions?