An electronics store had the following transactions in February:

1. Sold $90,000 of goods to customers, receiving $65,000 in cash and the remainder on account. The inventory had an original cost of $36,000.
2. Purchased $16,000 of inventory, paid $12,000 in cash and the rest remained on account.
3. Paid $2,000 for wages that were owed to employees from January.
4. Received a customer order and payment of $9,000 for an audio system to be delivered and installed in March
5. By February 28, accrued wages were $14,000.

What would Net Income (on an accrual basis) for the month of February would be?