An analysis of the transactions of Canary Cola, Inc., for the year 2009 yields the following information:

Question:

An analysis of the transactions of Canary Cola, Inc., for the year 2009 yields the following information: revenue, $70,000; supplies expense, $30,900; rent expense, $24,000; and dividends, $7,000.

Required:
What is the amount of net income reported by Canary Cola for 2009?

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