Alex is a sole proprietor. The 2020 income statement for Alex shows $49,650 in Net Income. Further detail on his Income statement: $100,000 in revenues, $150 in bank interest income, $40,000 in business expenses, and $10,000 in self-employed health insurance premium expense, and a $500 charitable contribution, yielding a net income of $49,650. During the year, Alex distributed $45,000 of cash from his business checking account to his personal checking account. What is the amount of Alexs Schedule C income for 2020?