The following selected account balances were taken from Monk Company's

accounting records during 2022:

January 1, 2022December 31, 2022

Utilities payable13,0007,000

Common stock39,00088,000

Inventory42,00034,000

Long-term notes payable83,00067,000

Accounts receivable17,00069,000

Salaries payable12,00018,000

Retained earnings46,00065,000

Accounts payable75,00021,000

The following selected information was taken from Monk Company's

2022 statement of cash flows:

Cash paid to purchase inventory$157,000

Net cash flow - financing activities11,000 inflow

Cash collected from customers186,000

Cash paid for utilities28,000

Calculate the amount of net income reported on Monk Company's

2022 income statement.