Sparty Corporation has provided the following information for its most recent year of operation: Revenues earned were $74,000, of which $7,000 were uncollected at the end of the year. Operating expenses incurred were $32,000, of which $6,000 were unpaid at the end of the year. Dividends declared were $14,000, of which $4,000 were unpaid at the end of the year. Income tax expense is $15,120. What is the amount of net income reported on Sparty's income statement