6. X Company, a merchandiser, started business on June 1. The following were June transactions: Received $85,000 from a group of investors. Bought $8,217 of merchandise, $3,937 for cash and $4,280 on account. Sold merchandise for $20,500, of which $16,085 was for cash and $4,415 was on account; Cost of Goods Sold was 52% of sales. Paid $3,510 to suppliers for merchandise previously bought on account. Paid wages of $5,100. Collected $2,875 from customers on account. Paid $5,700 for rent in advance.

What was net income in June [ignore adusting entries]?