Bowen Company makes two products from a joint production process. Each product may be sold at the split-off point or processed further. Information concerning these products for last year appears below: Product X Product Y Allocated joint costs .................... $25,000 $19,000 Sales value after further processing ..... $47,000 $41,000 Sales value at the split-off point ....... $28,000 $23,000 Additional processing costs .............. $16,000 $19,000 Assume Bowen Company makes all the correct sell or process further decisions. Calculate the net income reported by Bowen Company last year. Do not use decimals in your answer. Spell check