Your average per square foot rent is $12 in a building with 10,000 rentable square feet. You collect $10,000 in CAM recoveries and generate $5,000 in revenue from a parking garage connected to your property. 5% of your rentable space is currently vacant, and you have $15,000 in collection losses. Your total operating expenses are $45,000; your maintenance and repairs are $15,000, administration and leasing expenses are $10,000, real estate taxes are $15,000, and insurance is $5,000. Your CAPEX is $10,000. What is your net operating income this year? Round your answer to the nearest cent. Do not include a dollar sign in your answer.