Sandra Owns an Insurance Agency Calculate Sandra's Net Profit Using the Cash Method for 2014

Sandra owns an insurance agency. The following selected data are taken from the agency balance sheet and income statement prepared using the accrual method.
$\begin{array}{lr}\text { Revenue } & \$ 250,000 \\\text { Salaries and commissions } & 100,000 \\\text { Rent } & 10,000 \\\text { Insurance } & 5,000 \\\text { Utilities } & 6,000 \\\text { Accounts receivable, } 1 / 1 / 2014 & 40,000 \\\text { Accounts receivable, } 12 / 31 / 2014 & 38,000 \\\text { Accounts payable, } 1 / 1 / 2014 & 12,000 \\\text { Accounts payable, } 12 / 31 / 2014 & 11,000\end{array}$
Calculate Sandra's net profit using the cash method for 2014.