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XYZ Company's accounting records reported the following account balances as of December 31, 2024: Supplies Common stock $18,000 $73,000 Sales revenue $92,000 Building Accounts payable

XYZ Company's accounting records reported the following account balances as of December 31, 2024: Supplies Common stock $18,000 $73,000 Sales revenue $92,000 Building Accounts payable $56,000 Trademark $11,000 Accumulated depreciation $34,000 Insurance expense $59,000 Cash $21,000 Salaries payable Land $44,000 Dividends $17,000 $76,000 Rental revenue Advertising expense Accounts receivable Retained earnings Salaries expense Inventory Patent Interest revenue Equipment ... Notes payable Cost of goods sold Additional information: $22,000 $30,000 (at Jan. 1, 2024) $41,000 $26,000 $37,000 $51,000 $29,000 $84,000 $49,000 1) The total current assets at December 31, 2024 were equal to $134,000. 2) The total P-P-E at December 31, 2024 was equal to $107,000. Calculate the amount of net income reported in XYZ Company's 2024 income statement. 2 pts

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