Question: Revenues earned were $82,000, of which $8,000 were uncollected at the end of the year. Operating expenses incurred were $45,000, of which $7,000 were unpaid at the end of the year. Dividends declared were $18,000, of which $2,000 were unpaid at the end of the year. Income tax expense is $11,100. What is the amount of net income reported on the corporation's income statement?