For the month of July, Blackfly Ltd. experienced/recorded the following transactions: received a $6000 cash payment for work performed & billed the previous month. replanted an area of northern Alberta forest for which it sent out an invoice totaling $35000. At the beginning of the month, the company had $2000 of trees in inventory ready for planting During the month the company purchased $7000 tress for planting at the end of the month it was left with trees still suitable for planting that originally cost $2500. monthly expenses were: $1500 for office rent; $3500 in misc. expenses; Amortization on the truck and office equipment was calculated to be $1500 The income tax rate is 10%. Net Income for the month of July was - $17900 $12305 $5850 $19800 none of the listed answers are correct $5959