Following is a list of account balances of Morris Mowing Services as of December 31 of the first year of operations. Accounts Receivable Accounts Payable Salaries Expense Repairs Expense Truck Equipment Notes Payable Cash $6,000 7,000 6,000 900 Supplies Expense Service Revenue Gasoline Expense Salaries Payable Calculate the net income. 12,000 9,000 24,000 12,000 9,000 24,000 7,100 1,500 $2.800 $31,300 $1,000 $34,100