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The following account balances were taken from the accounting records of Tyson Company for the year ended December 31, 2023: Interest revenue Accounts payable

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The following account balances were taken from the accounting records of Tyson Company for the year ended December 31, 2023: Interest revenue Accounts payable Retained earnings Supplies Dividends Salaries expense Trademark Cost of goods sold Accounts receivable Salaries payable Common stock $36,000 $48,000 $69,000 (at Jan. 1, 2023) $15,000 $26,000 $31,000 ? $43,000 $52,000 $16,000 ? Land $29,000 Cash $18,000 Sales revenue $95,000 Equipment $54,000 Income tax expense $22,000 Inventory ? $86,000 Notes payable Additional information 1. Total current assets at December 31, 2023 were equal to $154,000. 2. Total equity at December 31, 2023 is equal to 90% of total liabilities at December 31, 2023. Calculate the amount of net income reported by Tyson Company in its 2023 income statement.

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