Question
Big Deal Bikes Inc. had the following transactions during its first month of business: Received contribution from owner, $19,000. Purchase ten bicycles for $3,000
Big Deal Bikes Inc. had the following transactions during its first month of business: Received contribution from owner, $19,000. Purchase ten bicycles for $3,000 on account. Paid city business tax, $100. Purchased five bicycle jerseys for cash, $64. Purchased small tools on account, $520. Billed the local club for biking event services, $6,526. Collected half of the invoice from the local clubs for the biking event. Paid wages of $1,000. Paid balance due on bicycle purchase. At the end of this month, what is net income (ignore income taxes)? Respond with a whole number, without dollar signs or commas. For instance, use 4061 instead of $4,061.20.
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