The condensed income statement for a business for the past year is as follows:

	Product
	T	U
Sales	$600,000	$320,000
Less variable costs	515,000	220,000
Contribution margin	$ 85,000	$100,000
Less fixed costs	145,000	40,000
Income (loss) from operations	$ (60,000)	$ 60,000

Management is considering the discontinuance of the manufacture and sale of Product T at the beginning of the current year. The discontinuance would have no effect on the total fixed costs and expenses or on the sales of Product U. What is the amount of change in net income for the current year that will result from the discontinuance of Product T?