Following is a list of account balances of Tanner Lawn Services as of December 31, after the first year of operations. Accounts Receivable $7 400 Accounts Payable 6.900 Salaries Expense 7.500 Repairs Expense 1,700 Truck 12,000 Equipment 13.000 Notes Payable 27.100 Cash 16.000 Supplies Expense 1,500 Service Revenue 31,000 Gasoline Expense 8,100 O A. $12,200 B. $42.500 C. $5.300 OD. $12,700 Accounts Payable Salaries Expense Repairs Expense Truck Equipment Notes Payable Cash Supplies Expense Service Revenue Gasoline Expense Salaries Payable Calculate the net income 6,900 7,500 1,700 12,000 13,000 27.100 16,000 1,500 31,000 8,100 2,200 O A. $12.200 OB. $42,500 OC. $5,300 OD. $12.700