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6- A company, had the following transactions in May: Earned $2,000 as revenues on account; collected $4,000 from a customer for services provided last month;

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6- A company, had the following transactions in May: Earned $2,000 as revenues on account; collected $4,000 from a customer for services provided last month; incurred $600 of repair expense and paid cash; paid $200 to a supplier that it owed from the previous month. What is the net income in May? * $500 $5,700 $2,700 O $1,400 O None of the above

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