Ace Builders had the following transactions in June: Earned $4,000 on account;" collected $3,000 from a customer which 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. How much was the Net income in June? Your answer: O $500 O $5,700 0 $2,700 $3,500