Sheffield Corp. is a private camping ground near the Mount Miguel Recreation Area. It has compiled the following financial information as of December 31, 2017. Service revenue (from camping fees) $174,240 Dividends $11,880 Sales revenue (from general store) 33,000 Notes payable 66,000 Accounts payable 14,520 Expenses during 2017 166,320 Cash 11,220 Supplies 7,260 Equipment 150,480 Common stock 52,800 Retained earnings (1/1/2017) 6,600 Determine Sheffield Corp.’s net income for 2017. Sheffield Corp.’s net income for 2017