The following assets and liabilities at the beginning and end of the current year are for James' Stores:
Assets Liabilities
Beginning of the year........... $236,000 $190,000
End of the year.................. 250,000 175,000
If James withdrew $4,000 during the year and invested an additional $17,000 in the business, what was the amount of net income earned by Josephine's Bakery?