A company which lost part of its accounting system in a fire is having trouble determining what its net income is for the current year.The following correct adjusted balances and additional information for the current year are available: 
Additional information for the year: 
Other than earnings and the events listed above,no other events or transactions affected owners' Equity in the current year.What was net income for the current year?
Definitions:
Contingent Liabilities
Potential liabilities that may or may not become actual liabilities, depending on the outcome of uncertain future events.
Environmental Awards
Recognitions given to individuals, organizations, or businesses for significant contributions to the preservation and sustainability of the environment.
EPA Fine
Penalties imposed by the Environmental Protection Agency for violations of environmental laws and regulations.
Litigation
The process of taking legal action in court to resolve disputes between parties.
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