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:
$\begin{array} { l c c } & \text { Assets } & \text { Liabilities } \\\text { Beginning of the year } \$ 114,000 & \$ 68,000 \\\text { End of the year } & 135,000 & 73,000\end{array}$
-
If Jerry made no investments in the business but withdrew $5,000 during the year, what was the amount of net income earned by Jerry's Butcher Shop?