Baxtor Company provides consulting services. Selected transactions of Baxtor Company are described asfollows:

a) Received $10,800 cash from theowner, JoeJones, as capital.

b) Paid $2,800 cash for computer equipment for office use.

c) Borrowed $11,400 from a local bank and deposited the money in the checking account.

d) Paid $1,500 rent for the month.

e) Paid $260 cash for office supplies to be used next year.

f) Completed a consulting project for a local business and received $5,600 cash

What is the net income?