Please take time, I got answers wrong before

Gary Amin carries on a successful collectibles business as a sole proprietor. His business Income statement for the year is as follows: $150,000 Revenue Expenses: Lease payments on store displays $3,000 Insurance premiums (this year and next) $4,000 Photocopier/printer $15,000 Amortization (straight line 5 yrs) $3,000 Hurricanes tickets to take out clients $2,000 Life Insurance for business loan $1,000 Salary expense $40,000 Income tax estimate $20.000 Total expenses Net Income $ 88,000 $ 62,000 Note 1 - Photocopier/printer purchased in current year, Class 8 (20%) Note 2 - $35,000 of the salary expense was for Gary (the owner) Note 3 - Inventory sold for $12,000 that cost $8,000. Only 25% of the money has been collected in the current year Required: Calculate Business Net Income for Tax purposes