Ace Builders had the following transactions in June: Earned $4,000 "on account;" collected $3,000 from a customer that was owed from a previous month; incurred $500 of repair expense and paid cash to the repairman; paid $1,200 to a supplier that it owed from the previous month; paid out $800 in cash drawings to the owner. What is the combined effect on Owner's capital of the June transactions?

Your answer:
	Down $2,700
	Down $5,700
	Up $2,700
	Down $4,500