Can you please help me how do I get $162,430?

provides you with the Income Statement for the corporation for December 31, 2020. (Click on the icon to view the income statement.) (Click on the icon to view the notes to the income statement.) Calculate the net business income for Clemens Enterprises Ltd. for the year 2020. Calculate the net business income for Clemens Enterprises Ltd. for 2020. (Round to the nearest dollar.) The net income for 2020 is $ Income statement Income statement Notes to income statement 1. Clemens Enterprises Ltd. is a small business corporation operated by the sole shareholder, Aidan Clemens. 2. Accounting and legal includes legal fees related to Aidan's dispute in regards to a personal car accident in the amount of $2,080. 3. Advertising and promotion includes 'Meals and Entertainment' costs in the amount of $4,230. 4. Information for Capital Cost Allowance (CCA) purposes-the Undepreciated Capital Cost (UCC) at December 31 of the prior year was as follows: Class 8 (Office \& General Equipment): $45,450 Class 10 (Automotive Equipment): \$24,600. 5. The company has set up an allowance for doubtful accounts based on a review of the Accounts Receivable at December 31 of the current year. This is a procedure that the proprietorship follows every year. 6. Insurance includes life insurance premiums for Aidan Clemens in the amount of $2,600. This life insurance policy is required as collateral for the business bank loan. 7. Office expenses include the $5,400 purchase of laptop computers on January 15,2020 . 8. Wages and benefits includes the club dues/membership fees paid to the Royal Oak Club in the amount of $5,960. The club dues are paid for the five managers who take clients to the Royal Oak Club on a regular basis for business purposes