Joe Jackson opened Jackson's Repairs on March 1 of the current year. During March, the following transactions occurred and were recorded in the company's books 1. Jackson invested $29,000 cash in the business in exchange for common stock. 2. Jackson contributed $104,000 of equipment to the business. 3. The company paid $2,400 cash to rent office space for the month of March 4. The company received $20,000 cash for repair services provided during Merch 5. The company paid $6,600 for salaries for the month of March. 6. The company provided $3,400 of services to customers on account. 7. The company paid cash of $900 for utilities for the month of March 8. The company received $3.500 cash in advance from a customer for repair services to be provided in April. 9. The company paid Jackson $5,400 cash as a dividend. Besed on this information, net income for March would be Multiple Choice $13,500 O $17.400 C $5.700 $8,000 $17500