Wilde Company earned revenues of $160,000 in cash and $210,000 on account during 2014. Of the $210,000 on account, $80,000 was collected in cash in 2014 and the rest in 2015. The company incurred expenses of $125,000 in 2014 and made payments of $90,000 towards the expenses in 2014. What is net income in 2014 under cash-basis accounting?