CVS Health Corp, had the following transactions during January, the first month of its operations:

Issued $20,000$ shares of common stock in exchange for $$160,000.$

Purchased equipment for $$320,000,$ using a $$80,000$ cash down payment and signing a note payable for the balance.

Received $$2,000$ from a customer for services to be performed in February.

Made a $$24,000$ payment on the note payable from the purchase of the equipment.

Total monthly sales: Cash sales $$60,000$ Credit Sales $($Acct$.$ Receivable$)$: $$28,800$

Purchased supplies on credit for $$25,600.$

Collected $$9,600$ from customers on account.

Paid $$2,000$ for january employee wages.

Received a utility bill for $$700$ which will be paid next month.

What is Net Income for the month of January?

Select one:

a$.$ $$58,000$

b$.$ $$86,100$

c$.$ $$26,800$

d$.$ $$26,100$

e$.$ $$88,100$