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Stosch Company's balance sheet reported assets of $97,000, liabilities of $26,000 and common stock of $23,000 as of December 31, Year 1. Retained Earnings on

Stosch Company's balance sheet reported assets of $97,000, liabilities of $26,000 and common stock of $23,000 as of December 31, Year 1. Retained Earnings on the December 31, Year 2 balance sheet is $62,000 and Stosch paid a $25,000 dividend during Year 2. What is the amount of net income for Year 2?

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