Tri Fecta, a partnership, had revenues of $373,000 in its first year of operations. The partnership has not collected on $45,900 of its sales and still owes $39,200 on $155,000 of merchandise it purchased. There was no inventory on hand at the end of the year. The partnership paid $28,100 in salaries. The partners invested $43,000 in the business and $24,000 was borrowed on a five-year note. The partnership paid $2,160 in interest that was the amount owed for the year and paid $9,000 for a two-year insurance policy on the first day of business. Compute net income for the first year for Tri Fecta.