Jeep dealership reported the following information. The jeeps have a standard $2-$year warranty, and the company offers an extended warranty. Jeep sales were all in Year $20$X$1.$ Standard Warranty covers $20$X$1$ and $20$X$2$; Extended Warranty covers $20$X$3$ and $20$X$4.$ Everyone bought the extended warranty at the time of sale.

Sales price $500,000$

Cost of goods sold $350,000$

Extended warranty sales price $31,000$

Estimated costs for warranty

Standard warranty $5,000$

Extended warranty $20,000$

Actual cost of warranty work performed

Warranty cost in $20$X$13,000$

Warranty cost in $20$X$23,000$

Warranty cost in $20$X$313,000$

Warranty cost in $20$X$414,000$

Assuming no taxes, what is the net income or $($loss$),$ revenues less expenses, recognized in $20$X$2$ from this sale?