Gilbert, Inc had the following account balances at September 30, 2010. What is Gilbert's net income for the month of September? Show your work.

Accounts payable: $5,000

Capital Stock: $10,000

Cash: $14,300

Equipment: $15,400

Fees Earned: $54,400

Miscellaneous Expense: $18,200

Rent Expense: $4,150

Retained Earnings: $6,550

Wages Expense: $13,900

A) $32,450

B) $27,450

C) $6,550

D) $18,150