Corinne Dunbar, M.D., maintains the accounting records of Dunbar Clinic on a cash basis. During 2012, Dr. Dunbar collected $144,600 from her patients and paid $61,310 in expenses. At January 1, 2012, and December 31, 2012, she had accounts receivable, unearned service revenue, accrued expenses, and prepaid expenses as follows. (All long-lived assets are rented.)

• January 1, 2012
• December 31, 2012
• Accounts receivable $12,291 $15,937
• Unearned service revenue 2,989 4,203
• Accrued expenses 3,533 2,386
• Prepaid expenses 1,939 3,268

Compute net income on an accrual basis for the year 2012 starting with excess of cash collected over cash disbursed for the year 2012.
Net income on an accrual basis