During 2024, Flowing Rivers Spa reported revenue of $30,000. Total expenses for the year were $15,000. Flowing Rivers Spa ended the year with total assets of $43,000, and it owed debts totaling $14,000. At year-end 2023, the business reported total assets of $28,000 and total liabilities of $14,000.

Requirements
1. Compute Flowing Rivers Spa’s net income for 2024.
2. Did Flowing Rivers Spa’s owner’s equity increase or decrease during 2024? By how much?