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Mellony is the sole owner of Parameter Company. As of December 31, 2021, Parameter had assets of $916,669 and liabilities of $277,610. During 2022, Mellony

Mellony is the sole owner of Parameter Company. As of December 31, 2021, Parameter had assets of $916,669 and liabilities of $277,610. During 2022, Mellony invested an additional $28,085 and withdrew $25,217 from the business. At December 31, 2022, assets were $989,653 and liabilities were $237,124. 


What is the amount of net income during 2022?

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