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The following information relates to the operations of Blue Inc. for the year ended 31 December 2022: Sales revenue $500,000 Cost of goods sold $320,000

The following information relates to the operations of Blue Inc. for the year ended 31 December 2022:

Sales revenue $500,000
Cost of goods sold $320,000
Rent expense $50,000
Wages expense $70,000
Interest expense $5,000
Depreciation expense $15,000
Tax expense $8,000

Calculate Blue Inc.'s net income for the year ended 31 December 2022.

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