During 2016. a company provided services for cash of $21,000 and services on credit of $15,000. The company collected accounts receivable of $8,000 and incurred operating expenses of $22, 700 $14,000 of which were paid during the year. The amount of net income (toss) for the year is: $13, 300 $1700 $22, 700 $6, 300