Dena, Inc Began Operations During 2010 $\bullet$ Received $80,000 from Shareholders as Initial Investments

Dena, Inc. began operations during 2010. During January of 2010, the following transactions occurred:
$\bullet$ Received $80,000 from shareholders as initial investments
$\bullet$ Received cash of $50,000 for services performed during January
$\bullet$ Billed customers an additional $12,000 for services performed during January
$\bullet$ Borrowed $12,000 from NationsBank Company, and signed a one-year note payable
$\bullet$ Paid rent in the amount of $5,000 for January
$\bullet$ Paid dividends in January amounting to $8,000
$\bullet$ Paid wages of $35,000 for January
How much Net Income should Dena, Inc. report for January?