Jerry's Butcher Shop Had the Following Assets and Liabilities at the Beginning

Essay

Jerry's Butcher Shop had the following assets and liabilities at the beginning and end of the current year:
$$\begin{array} { l l l } & \text { Assets } & \text { Liabilities } \\\text { Beginning of the year } & \$ 114,000 & \$ 68,000 \\\text { End of the year } & 135,000 & 73,000\end{array}$$
If there were no stockholder investments in the business but the company paid $5,000 in dividends during the year,what was the amount of net income earned by Jerry's Butcher Shop?