W.C. Cycling had $50,000 of cash at year-end 2011 and $12,000 in cash at year-end 2012. The firm invested in property, plant, and equipment totaling $200,000. Cash flow from financing activities totaled +$160,000. Round your answers to the nearest dollar, if necessary. If accruals increased by $40,000, receivables and inventories increased by $190,000, and depreciation and amortization totaled $57,000, what was the firm's net income?