1 point Bob's Amazing Gadgets is on online retailer specializing in unique tech gifts. The company was established in October 2020 with $45,000 Cash invested by shareholders and $55,000 of borrowed cash. Rent of $2,300 was paid for the first month. Other operating costs paid for during the first month totaled $28,000. Gadgets costing $31,000 were purchased for cash. By the end of the month, employees were paid $11,000, and all but $4,000 of the gadgets in the inventory had been sold for $98,000 cash. Income taxes paid totaled S16,000. Calculate Net Income for the first month of operations