Determine the net income for June.

On June $1$ of the current year, Chris Bates established a business to manage rental property. The following transactions were completed during June:

Opened a business bank account with a deposit of $$48,000$ in exchange for common stock.

Purchased office supplies on account, $$2,520.$

Received cash from fees earned for managing rental property, $$6,910.$

Paid rent on office and equipment for the month, $$3,100.$

Paid creditors on account, $$1,150.$

Billed customers for fees earned for managing rental property, $$5,740.$

Paid automobile expenses for month, $$690,$ and miscellaneous expenses, $$340.$

Paid office salaries, $$2,180.$

Determined that the cost of supplies on hand was $$1,490$; therefore, the cost of supplies used was $$1,030.$

Paid dividends, $$2,070.$