Jefferson company began operations on June 1, 2023. The company entered into the following transactions during 2023:

June 1: Sold common stock to owners in the amount of $362,000

June 1: Purchased a parcel of land costing $185,000 by paying $31,000 in cash and agreeing to pay the remainder within 90 days

July 31: Jefferson Company earned and received $42,000 of interest on its bank account in July

August 1: Jefferson sold the land purchased on June 1 for $200,000 cahs

August 18: Purchased inventory costing $40,000 on account

November 2: Sold one-half of the inventory purchased on August 18 for $117,000. The customer did not pay any cash at the time of purchase but did agree to pay the entire balance due within the next 60 days

November 30: Received and paid a #37,000 bill for advertising done during the month of November

Calculate the amount of net income reported in Jefferson company's 2023 income statement