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 $240,000. - Purchased equipment for $480,000, using a $120,000 cash down payment and signing a note payable for the balance. - Received $3,000 from a customer for services to be performed in February. - Made a $36,000 payment on the note payable from the purchase of the equipment. - Total monthly sales: Cash sales $90,000 Credit Sales (Acct. Receivable): $43,200 - Purchased supplies on credit for $38,400. - Collected $14,400 from customers on account. - Paid \$3,000 for January employee wages. - Received a utility bill for $1,100 which will be paid next month. What is Net Income for the month of January? Select one: a. $39,100 b. $40,200 c. $87,000 d. $129,100 e. $132,100