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 $34,000 cash in the business.

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. Jackson withdrew $5,900 for his personal use from the company.

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

Multiple Choice

a. $17,500.

b. $22,400.

c. $6,200.

e. $7,500.

f. $22,500.