Hal Smith opened Smith's Repairs on March 1 of the current year. During March, the following transactions occurred and were recorded in the company's books: 1. Smith Invested $30,500 cash in the business. 2. Smith contributed $111,000 of equipment to the business. 3. The company paid $3,100 cash to rent office space for the month. 4. The company received $21,500 cash for repair services provided during March. 5. The company paid $7,300 for salaries for the month. 6. The company provided $4,100 of services to customers on account. 7. The company paid cash of $610 for monthly utilities. 8. Smith withdrew $6,100 for his personal use from the company Based on this information, net income for March would be: 0 $14,590 O $8.490 $18,790 O $12,690 O $18,890