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Pat's Custom Tuxedo Shop maintains its records on the cash basis. During this past year Pat's collected $42,000 in tailoring fees, and paid $14,000...

Pat's Custom Tuxedo Shop maintains its records on the cash basis. During this past year
Pat's collected $42,000 in tailoring fees, and paid $14,000 in expenses. Depreciation expense
totaled $2,000. Accounts receivable increased $1,500, supplies increased $4,000, and
accrued liabilities increased $2,500. Pat's accrual basis net income would be
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