Illawara, Inc, produces two joint products, cooking oil and soap oil, from a single vegetable oil refining process: In March 2020, the joint costs of this process were $24,000. At split-off point, Cooking oil sells for $50 per drum and Soap oil sells for $25 per drum. TOTAL additional processing costs beyond the split-off point were cooking oil, $10,000; and soap oil, $5,000. After this additional processing, Cooking oil will sell for $70 per drum and Soap oil for $40 per drum. Illawara produced and sold 1,000 drums of cooking oil and 500 drums of soap oil. There are no beginning or ending inventories of cooking oil or soap oil. Required: using the net realizable value method what is the total profit earned from Cooking Oil