During 2024, Whisper Creek Spa reported revenue of $60,000 . Total expenses for the year were $55,000 . Whisper Creek Spa ended the year with total assets of $37,000, and it owed debts totaling $16,000. At year-end 2023 , the business reported total assets of #32,000 and total liabilities of $16,000 . Read the requirementsLOADING.... Question content area bottom Part 1 Requirement 1. Compute Spa's net income for . Begin by identifying the formula to calculate net income and then enter the amounts to solve for net income. - = Net Income - =