Question 24 (3 points) Saved Set up an Income Statement from the information below to determine Net Income: Cash in the bank 5,000 ; total credit card balance 10 ; gross wages 72,000 ; retirement account 150,000; car loan balance 12,000; payroll deductions 12,000; market value of 2020 Honda Accord 20,000; boat loan balance 5,000; house interest annualized 5,000 ; market value of a ski boat 10,000 ; food expense annualized 6,000 ; clothing expense annualized 2,000 ; cell phone expense annualized 1,800; internet and cable expense annualized 1,800 ; mortgage balance 100,000 ; entertainment and travel expense 3,000 ; credit card interest 1,500; car loan interest 6,00 ; market value of home 250,000; boat loan interest 500; annual payment on credit cards 3,000; annual payment on car 4,800; annual payment on boat 3,000 ; annual mortgage payment 18,000 . What is the amount of Net Income?