Genoa Corporation began 2025 with $40,000 in assets and $6,000 in retained earnings. Genoa went into business in 2020, when it issued $10,000 in common stock, and no more stock has been issued since. At the end of 2025, Genoa had $56,000 in assets and $22,000 in liabilities. What was the company's net income for the year if no dividends were paid?