Towing Company's December 31, 2024 unadjusted trial balance reported the following account balances: Accounts payable $63,000 Accounts receivable $39,000 Cash $27,000 Common stock $92,000 Cost of goods sold $40,000 Dividends $11,000 Income tax expense $16,000 Insurance expense $25,000 Inventory $68,000 Land $47,000 Loss on sale of building $14,000 Mortgage payable $76,000 Patent $31,000 Prepaid insurance $24,000 Rental revenue $52,000 Retained earnings $19,000 (at January 1, 2024) Sales revenue $96,000 Supplies $22,000 Wage expense $34,000 Towing Company has not yet recorded adjusting entries related to the following two items: (1) $6,000 of supplies were used up during 2024. (2) Towing Company has provided services to a customer totaling $18,000 as of December 31, 2024. However, the customer has not yet paid Towing Company. Calculate the net income reported by Towing Company for 2024 after the appropriate adjusting entries have been recorded and posted