Joan has a sideline business which is called The Cup Cake Diva. She started her business venture a few years ago and has continued it in Toronto. Joan prepares and sells cupcakes and other pastries from her home. Most of her sales are made for social events which are typically held on weekends.

Joan provides you with the following information for 2019 with respect to her business:

Sales Revenues $40,000

Supplies (Flour, Sugar, Boxes, Etc.) Purchased 12,000

Purchase Of New Commercial 2,200

Purchase Of New Automobile 39,000

Automobile Operating Expenses 3,000

With respect to the supplies, she had an opening inventory of $1,600. On December 31, 2019 she had $900 of supplies on hand.

Early in January, 2019, Joan sold her old automobile for $12,000. It had cost $35,000. Both the old and the new automobiles were used solely for her business.

Joan uses 20 percent of the space in her home for the business. Her 2019 household expenses include the following:

All Utilities $5,400

Property Taxes 3,800

Maintenance 1,600

Phone Line Dedicated To The Business 800

Insurance On Her Home 1,900

Mortgage Interest 12,300

The UCC balances at January 1, 2019 are as follows:

Class 8 $3,100

Class 10.1 9,000

Joan does not claim CCA on her home as she realizes that if she did, this would result in future recapture and capital gains implications.

REQUIRED: Calculate Joan's 2019 Net Income for Tax Purposes.