he following transactions occurred during the month of May for Prazan :

• 5/1: Sold inventory that cost $74,000 for $109,000. The sale was made on account.
• 5/1: Paid $9,000 for 3-months of rent on a building (May July).
• 5/20: Sold land for $13,000. The land was originally purchased for $8,000.
• 5/25: Collected $14,000 from customers for sales made on account during April.
• 5/31: Recorded depreciation of $2,500 on the companys equipment.
• 5/31: Accrued $1,000 interest expense on a note payable. The interest will be paid at the maturity of the loan on 9/30.
• 5/31: Made an adjusting entry to accrue $8,000 wages earned by employees during May. The wages will be paid on June 1.
• 5/31: Made an adjusting entry to reduce the prepaid rent for one month (for use of the building during May).
• 5/31: Accrued tax expense and tax payable for 25% of net income

Assuming the company uses the accrual method of accounting and prepares monthly financial statements, what was the net income, after tax, for May?