Revenue of $ 45,000 had been collected , but only $ 39,000 had been earned . Expenses of had been incurred , but only $ 29,000 had been paid . Based on accrual basis of accounting , what is the amount of net income ? \$24.000

Revenue of $ 45,000 had been collected, but only $39,000 had been earned. Expenses of $24,000 had been incurred, but only $29,000 had been paid. Based on the accrual basis of accounting, what is the amount of net income