Sunny Corporation began the year with cash of $ 142 comma 000 and land that cost $ 47 comma 000. During the year Sunny earned service revenue of $ 285 comma 000 and had the following expenses: salaries, $ 185 comma 000; rent, $ 81 comma 000; and utilities, $ 25 comma 000. At year-end Sunny's cash balance was down to $ 79 comma 000. How much net income (or net loss) did Sunny experience for the year?
