Harry Bhel carries a business as a sole proprietorship. During its 2022 fiscal period, its first year of operations, the business had cash sales of $123,000. It also has sales on account of $46,000, of which $22,000 remains outstanding at the end of the 2022 fiscal period. It is estimated that $4,000 of the accounts receivable will be doubtful of collection. Of the cash received, $9,500 represents advances for merchandise that will only be delivered in the 2023 fiscal period. What is the business income for the 2022 fiscal period.