$1.$ The company started when it acquired $$60,000$ cash by issuing common stock.

$2.$ Purchased a new cooktop that cost $$40,000$ cash.

$3.$ Earned $$72,000$ in cash revenue.

$4.$ Paid $$25,000$ cash for salaries expense.

$5.$

Adjusted the records to reflect the use of the cooktop. Purchased on January $1,2016,$ the cooktop has an expected useful life of four years and an estimated salvage value of $$4,000.$ Use straight$-$line depreciation. The adjusting entry was made as of December $31,2016.$

What is the net income for $2016?$