The following account balances relate to the stockholders equity accounts of Metlock, Inc. at year-end.

		2022		2021
Common stock, 10,500 and 10,000 shares, issued and
outstanding, respectively, for 2022 and 2021		$159,000		$135,100
Preferred stock, 5,000 shares, issued and outstanding		119,600		119,600
Retained earnings		299,500		253,100

A small stock dividend was declared and issued in 2022. The market price of the shares was $10,700. Cash dividends of $15,000 were declared and paid in both 2022 and 2021. The common stock and preferred stock have no par or stated value.

(a)

What was the amount of net income reported by Metlock, Inc. in 2022?