Great Electronics is a video game store that sells refurbished games for older systems.

How much is net income for the month of September?

1. Great Electronics buys $500 of games on account from suppliers on September 2^nd to later sell at its store.
2. Great Electronics pays $1,000 for the rent on its U-District location for the month of September.
3. Great Electronics has sales of $2,306 for September. All the customers paid with cash. The cost of inventory for these games sold was $400.
4. Great Electronics sold gift cards for $60 in September. No gift cards have been redeemed yet.