The following information is available for Buckeye Company: 

 January 1, 2003 December 31, 2003 

Cash $25,000 $30,000 Land 40,000 42,000 Notes payable 29,000 45,000 Retained earnings 33,000 52,000 Accumulated depreciation 4,000 7,000 Supplies 8,000 10,000 Accounts payable 16,000 17,000 Equipment 20,000 ? Accounts receivable 11,000 26,000 Contributed capital 40,000 40,000 Inventory 18,000 24,000 

During 2003, Buckeye Company reported sales revenue of $98,000, salaries expense of $22,000, rent expense of $17,000, and cost of goods sold. Additionally, Buckeye Company paid $9,000 of dividends during 2003. (Note - the amount of cost of goods sold has been intentionally omitted from this problem). 

Calculate the total current assets reported in Buckeye Company's balance sheet at January 1, 2003. Do not use decimals in your answer. 

The following information is available for Buckeye Company: 

 January 1, 2003 December 31, 2003 

Cash $25,000 $30,000 Land 40,000 42,000 Notes payable 29,000 45,000 Retained earnings 33,000 52,000 Accumulated depreciation 4,000 7,000 Supplies 8,000 10,000 Accounts payable 16,000 17,000 Equipment 20,000 ? Accounts receivable 11,000 26,000 Contributed capital 40,000 40,000 Inventory 18,000 24,000 

During 2003, Buckeye Company reported sales revenue of $98,000, salaries expense of $22,000, rent expense of $17,000, and cost of goods sold. Additionally, Buckeye Company paid $9,000 of dividends during 2003. (Note - the amount of cost of goods sold has been intentionally omitted from this problem). 

Calculate the amount of net income earned by Buckeye Company during 2003. Do not use decimals in your answer.