During October, a firm had the following transactions involving revenue and expenses.

a. Paid $1.250 for rent for October.

b. Provided services for $2.850 in cash.

c. Paid $270 for the October telephone service.

d. Provided services for $2000 on credit.

e. Paid salaries of $1.725 to employees.

f. Paid $370 for the monthly office cleaning service.

Calculate the net income or net loss for the period?