Baker Corp has provided the following information: Operating revenues were $189,000. Unearned revenue was $12,000. Cost of goods sold was $52,000 Selling, general and administrative expenses were $58,000. Interest expense was $9,000. Cash Interest payment was $8,500. Gain from sale of property, plant and equipment was $3,000. Dividend payments to stockholders were $7,000. Income tax expense was $25,000. Income tax payment $21,000. Prepaid insurance was $5,000. Required: How much was Baker's net income?