Question Help During 2024, Tranquil Rivers Spa reported revenue of $60,000. Total expenses for the year were $42,000. Tranquil Rivers Spa ended the year with total assets of $42,000, and it owed debts totaling $12,000. At year-end 2023, the business reported total assets of $24,000 and total liabilities of $12,000 Read the requirements Requirement 1. Compute Tranquil Rivers 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