Connie Young, an architect, opened an office on October 1, 2019. During the month, she completed the following transactions connected with her professional practice . Transferred cash from a personal bank account to an account to be used for the business, 533,900. b. Paid October rent for office and workroom, $3,400. c. Purchased used automobile for $22,000, paying $5,100 cash and giving a note payable for the remainder d. Purchased office and computer equipment on account, $6,800. e. Paid cash for supplies, $1,630. 1. Paid cash for annual insurance policies, $2,300. 9. Received cash from client for plans delivered, $8,500. h. Paid cash for miscellaneous expenses, 5910. 1. Paid cash to creditors on account, $1,970. 1 Paid $270 on note payable. k. Received invoice for blueprint service, due in November, $1,100. 1. Recorded fees earned on plans delivered, payment to be received in November, $5.900. m. Pald salary of assistants, $1,800. n. Paid gas, oil, and repairs on automobile for October $440. October 31, 2019 Debit Credit Balances Balances Cash Accounts Receivable 11111111 IIIIIIIIIIIIII) 4. Determine the net income or net loss for October