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: $14.590. $8.490 $18,790 $12.690 $18.890