Astoria Company had the following transactions during the month of August Year 1: (1) Cash received from bank loans was $24,000. (2) Dividends of $9,900 were paid to stockholders in cash (3) Revenues earned and received in cash amounted to $37,500 (4) Expenses incurred and paid were $28,000. What amount of net income will be reported on an income statement for the month of August? $37,500 $24.000 $9.500. SO