Jason starts his own bodyguard protection agency called Royal Protection. The following transactions occur during December:

1. Jason invests $5,000 of his own money into the business on December 1.

2. Jason purchases $150 of supplies on December 8.

3. Jason purchases $1,500 of office equipment on account on December 10.

4. Jason renders bodyguarding services to Miss Winter on December 15 totaling $4,000.

5. Jason pays for the office equipment purchased on December 10.

6. Jason receives half of Miss Winters payment on December 19.

7. Jason receives the December utility bill on December 25th for the month of December and will pay it on January 5thfor $200.

8. Jason pays $1,000 for the December rent on December 26.

9. On December 30th, Jason receives $2,000 prepayment from Mr. Thorne for bodyguarding services in January of next year.

10. On December 31, Jason withdraws $800 cash from the business.

Calculate the companys net income for December using the accrual basis method of accounting.