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Adam Vega's Landscaping Company has compiled the following list of account balances of various assets, liabilities, revenues and expenses on December 31, 2016, the end

Adam Vega's Landscaping Company has compiled the following list of account balances of various assets, liabilities, revenues and expenses on December 31, 2016, the end of its first year of operations. What was the net income for Adam Vega's Landscaping for the year?

Common stock

$25,200

Accounts payable

5,000

Salary expense

9,000

Repairs expense

1,600

Dividends

10,000

Truck

17,000

Equipment

12,600

Notes payable

16,400

Cash

35,200

Supplies expense

3,200

Service revenue

43,600

Gasoline expense

1,600

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