Sandra Owns an Insurance Agency

Sandra owns an insurance agency.The following selected data are taken from the agency balance sheet and income statement prepared using the accrual method. $$\begin{array} { l r } \text { Revenue } & \$ 250,000 \\\text { Salaries and commissions } & 100,000 \\\text { Rent } & 10,000 \\\text { Insurance } & 5,000 \\\text { Utilities } & 6,000 \\\text { Accounts receivable, 1/1/2019 } & 40,000 \\\text { Accounts receivable, 12/31/2019 } & 38,000 \\\text { Accounts payable, 1/1/2019 } & 12,000 \\\text { Accounts payable, 12/31/2019 } & 11,000 \\\text { Calculate Sandra's net profit using the cash method for } 2019 &\end{array}$$