During $2024,$ Whisper Creek Spa reported revenue of $$65,000.$ Total expenses for the year were $$56,000.$ Whisper Creek Spa ended the year with total assets of $$32,000,$ and it owed debts totaling $$11,500.$ At year$-$end $2023,$ the business reported total assets of $$23,000$ and total liabilities of $$11,500.$

Read the requirements.

Requirement $1.$ Compute Whisper Creek Spa's net income for $2024.$

Begin by identifying the formula to calculate net income and then enter the amounts to solve for net income.

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