On December 31, 2019, The Bates Company's revenue is $340,000 and expenses total $240,000 before consideration of the following: Accrued wages total $13,000; Accrued revenues total $40,000; Depreciation expense is $19,000; Rental revenue of $8,000 was earned; the rent from a tenant was initially recorded by Bates as unearned rent revenue; The income tax rate is 35% of income before income taxes. What is Bates' net income after