Corporation began the year with cash of $ 152 comma 000 and land that cost $ 24 comma 800. During the year Parker earned service revenue of $ 270 comma 000 and had the following​ expenses: salaries, $ 158 comma 000​; ​rent, $ 89 comma 000​; and​ utilities, $ 22 comma 000. At​ year-end Parker​'s cash balance was down to $ 15 comma 000. How much net income​ (or net​ loss) did Parker experience for the​ year?