At the end of Year 1, Voss Company had $8,000 of inventory. During Year 2 the following events occurred:

1. (1) Voss Company purchased $35,000 of inventory with cash.
2. (2) Sold $22,000 of inventory for $32,000 cash to customers.
3. (3) At the end of the year, a physical count of the inventory found only $17,000 of inventory on hand.

What would Voss Company report for net income on the Year 2 income statement?