Bevo Company was founded on Jan. 1st and on Dec. 31st, had the following account balances: Cash $10,000 Revenue $40,000 Accounts Cost of Goods 5,000 15,000 Receivable Sold Inventory 8,000 Rent Expense 1,500 Advertising Equipment 28,500 2,000 Expense Accounts Common 5,000 29,500 Payable stock Notes Payable 12,000 Dividends 5,000 What was the company's net income for the year