Please figure out the net income for the Ryan Company from the following projected accounting balance

Please figure out the net income for the Ryan Company from the following projected accounting balance as of

December 31:

Accounts payable $60,000   Sales $900,000
Accounts receivable 120,000   Capital stock 200,000
Depreciation, factory 12,000   Retained earnings ?
Inventories (5/31 & 6/30) 160,000   Cash 80,000
Direct materials used 200,000   Equipment, net 250,000
Office salaries 90,000   Buildings, net 450,000
Insurance, factory 14,000   Utilities, factory 15,000
Plant wages 120,000   Selling expenses 40,000
Bonds payable 140,000   Maintenance, factory 30,000