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 March 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. Based on this information, net income for March would be: 1 Murple Choice O $3,500 0 O $17.400 0 $5.700 0 5.000 0 $17.500 0