John's Coffee Shop	Amount ($)
Revenue	180,000
Cost of Goods Sold (COGS)	70,000
Rent Expense	15,000
Wages Expense	40,000
Utilities Expense	4,500
Other Operating Expenses	6,000
Interest Expense	700
Other Income	1,200
Income Tax Expense	12,000

Prepare the profit and loss account and calculate the net income for John's Coffee Shop.