Following is a list of account balances of Tanner Lawn Services as of December 31, after the first year of operations. Accounts Receivable Accounts Payable $7,100 6,900 Salaries Expense 7,800 Repairs Expense 1,800 Truck 12,000 Equipment 13,000 Notes Payable 27,100 Cash 16,300 Supplies Expense 1,700 Service Revenue 32,000 Gasoline Expense 8,500 Salaries Payable 2,200 Calculate the net income. A. $12,400 OB. $5,300 C. $12,200 D. $42,500