11 The Sanchez Company provided the following balances at the end of its first year. Cash Prepaid Rent $ 2,500 6,000 Accounts receivable 6,500 Accounts payable 3,400 Unearned Revenue 5,000 Notes payable 1,500 Owner's Capital 7,000 Owner's Drawings Service Revenue Expenses How much was Sanchez's net income? 1,000 I 28,000 13.000