Next question During 2024, Sweet Rose Spa reported revenue of $55,000. Total expenses for the year were $33,000. Sweet Rose Spa ended the year with total assets of $34,000, and it owed debts totaling $6,000. At year-end 2023, the business reported total assets of $12,000 and total liabilities of $6,000. Read the requirements. Requirement 1. Compute Sweet Rose Spa's net income for 2024. Begin by identifying the formula to calculate net income and then enter the amounts to solve for net income. Net Income