Panoramic Inc. had a beginning balance of $2,900 in its Accounts Receivable account. The ending balance of Accounts Receivable was $3,400. During the period, Panoramic recognized $57,000 of revenue on account. Panoramics Salaries Payable account has a beginning balance of $2,050 and an ending balance of $1,200. During the period, the company recognized $49,000 of accrued salaries expense.

Based on the information provided, determine the amount of net income.