Jeff Jackson opened Jackson's Repairs on March 1 of the current year. During March, the following transactions occurred:

1. Jackson invested $33,000 cash in the business in exchange for common stock.
2. Jackson contributed $108,000 of equipment to the business.
3. The company paid $2,800 cash to rent office space for the month of March.
4. The company received $24,000 cash for repair services provided during March.
5. The company paid $7,000 for salaries for the month of March.
6. The company provided $3,800 of services to customers on account.
7. The company paid cash of $1,300 for utilities for the month of March.
8. The company received $3,900 cash in advance from a customer for repair services to be provided in April.
9. The company paid $5,800 in cash dividends.

Based on this information, net income for March would be: