Jeff Jackson opened Jackson's Repairs on March 1 of the current year. During March, the following transactions occurred: 57 1. Jackson invested $34,000 cash in the business in exchange for common stock. 2. Jackson contributed $109,000 of equipment to the business. 3. The company paid $2,900 cash to rent office space for the month of March. 4. The company received $25,000 cash for repair services provided during March. 5. The company paid $7,100 for salaries for the month of March. 6. The company provided $3,900 of services to customers on account. 7. The company paid cash of $1,400 for utilities for the month of March. 8. The company received $4,000 cash in advance from a customer for repair services to be provided in April. 9. The company paid $5,900 in cash dividends. Based on this information, net income for March would be: