During August, 2016, Shelbys Supply Store generated revenues of $65,000. The companys expenses were as follows: cost of goods sold of $33,000 and operating expenses of $7,000. The company also had rent revenue of $2,000 and a loss on the sale of a delivery truck of $3,000.

Shelbys net income for August, 2016 is

Select one: a. $32,000. b. $25,000. c. $24,000. d. $27,000.