1. Jackson Consulting had the following accounts and balances at December 31:
   
   

   Account	Debit	Credit
   Cash	$20,000
   Accounts Receivable	6,000
   Prepaid Insurance	1,500
   Supplies	5,000
   Accounts Payable		$500
   R. Jackson, Capital		16,200
   R. Jackson, Withdrawals	1,000
   Service Revenue		20,000
   Utilities Expense	2,000
   Salaries Expense	1,200	________
   Totals	$36,700	$36,700

   
   Using the information in the table, calculate Jackson Consulting's reported net income for the period.

   		$16,800
   		$15,800.
   		$15,300
   		$10,300.
   		$32,000