XYZ Electronics (XYZE) is a company that sells electronic gadgets. During the month of January 2023, XYZE sold electronic gadgets for $500,000 on credit. XYZE requires its customers to pay the $500,000 in February. The gadgets sold by XYZE were purchased in cash for $300,000. In the same month, XYZE paid $30,000 in cash for operating expenses. What is XYZEs net income for the month of January 2023 if no other transactions occurred