Susan$$s Consulting experienced the following transactions for Year $1,$ its first year of operations, and Year $2.$ Assume that all transactions involve the receipt or payment of cash.

Transactions for Year $1$:

Acquired $$50,000$ by issuing common stock.

Received $$100,000$ cash for providing services to customers.

Borrowed $$15,000$ cash from creditors.

Paid expenses amounting to $$60,000.$

Purchased land for $$40,000$ cash.

Transactions for Year $2$:

Acquired an additional $$20,000$ from the issue of common stock.

Received $$130,000$ for providing services.

Paid $$10,000$ to creditors to reduce loan.

Paid expenses amounting to $$75,000.$

Paid a $$15,000$ dividend to the stockholders.

Determined that the market value of the land is $$50,000.$

What is Susan's Net Income for Year $1?$

Do not enter dollar signs or commas in your answer.