Following is a list of account balances of Morris Mowing Services as of December 31 of the first year of operations. Accounts Receivable $4,000 Accounts Payable 4,000 Salaries Expense 7,000 Repairs Expense 800 Truck 10,000 Equipment 12,000 Notes Payable 27,900 Cash 10,000 Supplies Expense 12,000 Service Revenue 27,900 Gasoline Expense 7,000 Salaries Payable 1,500 Calculate the net income. O $1,000 $1,100 $33,000 O $32,000