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?
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