ABC Company provided services for $15,000 cash during the 2015 accounting period. ABC incurred $12,000 expenses on account during 2015, and by the end of the year, $3,000 of that amount had been paid with cash. Assuming that these are the only accounting events that affected ABC during 2015.

Select one:

A. The amount of net income shown on the income statement is $3,000.

B. The amount of net income shown on the income statement is $9,000.

C. The amount of net loss shown on the income statement is $3,000.

D. The amount of net cash flow from operating activities shown on the statement of cash flows is $6,000.