During the year 2020, Dallas Company earned revenues of $90,000, had expenses of $62,000, purchased assets with a cost of $10,000 and had owner drawings of $6,000. Net income for the year is:

During the year 2020, Dallas Company eamed revenues of $90,000, had expenses of 362,000 , purchased assets with e cost of $10,000 and had owner drawings of $6,000. Net income for the year is