Jeff Jackson opened Jackson's Repairs on March 1 of the current year. During March, the following transactions occurred: 1. Jackson invested $38,000 cash in the business in exchange for common stock. 2. Jackson contributed $113,000 of equipment to the business. 3. The company paid $3,300 cash to rent office space for the month of March. 4. The company received $29,000 cash for repair services provided during March. 5. The company paid $7,500 for salaries for the month of March. 6. The company provided $4,300 of services to customers on account. 7. The company paid cash of $1,800 for utilities for the month of March. 8. The company received $4,400 cash in advance from a customer for repair services to be provided in April. 9. The company paid $6,300 in cash dividends. Based on this information, net income for March would be: Multiple Choice . $20,700. $26,400. O $6,600. $7,100. $26,500