The changes in account balances for Allen Inc. for 2009 are as follows:
Assets $225,000 debit
Common Stock $125,000 credit
Liabilities $80,000 credit
Paid-in Capital - Excess of par $15,000 credit
Assuming the only changes in retained earnings in 2009 were for net income and a $25,000 dividend, what was net income for 2009?