The following information pertains to the January operating budget for Casey Corporation.

• Budgeted sales for January $200,000
• Collections for sales are 50% in the month of sale and 50% the next month.
• cost of goods sold averages 70% of sales.
• Merchandise purchase total $150,000 in January
• Marketing costs are $3,000 each month
• Distribution costs are $5,000 each month
• administrative cost are $10,000 each moth

For January, budgeted net income is ________.