A sole proprietorship had the following assets and liabilities at the beginning and end of this year. Beginning of the year End of the year Assets $ 69,500 123,500 Liabilities $ 29,795 50,018 If the owner withdrew $850 cash per month for personal use and invested an additional $25,000 cash The net income earned or net loss incurred by the business during the year is: (If the answer is a net loss, it should be indicated with a minus sign.)