What is the net income based on this balance sheet?


Assets Dec 31, 2013 Dec 31, 2012
Cash $294 $96
Accounts receivable 168 120
Inventories 105 66
Land 240 270
Equipment 135 105
Accumulated depreciation - equipment (36) (18)
Total $906 $639


Liabilities and Stockholder’s Equity

Accounts Payable $105 $96
Dividends payable 18
Common Stock, $10 par 60 30
Paid-in Capital in excess of par – common stock 150 75
Retained earnings 573 43
Total $906 $639