Marianne's Massage Services Ltd. (MMS) entered into the following transactions during April 20X3:

Received $16,000 cash for a contract that MMS will start to work on in May.

Purchased a one-year fire insurance policy for $2,400 cash. The cost of insurance for April is $200.

Purchased computer software for $2,400 cash. The computer software is expected to last two years. Depreciation expense for April is $100.

Sold services for $22,000. $15,000 cash was received at time of sale. The remaining $7,000 of services were sold on account.

Agreed to pay a newspaper $500 to run a sales promotion for MMS in April. MMS paid the $500 in May.

Purchased $10,800 of equipment on account. The equipment is expected to last three years. Depreciation expense for April is $300.

Collected $4,000 of its accounts receivable.

Paid $7,000 of its accounts payable.

Paid salaries of $6,000 to its employees for work carried out in April.

Earned revenue of $2,000 that was collected in advance in March.

If MMS prepares its financial statements using the accrual basis, what will be its net income for the month of April 20X3?

a) $14,900

b) $16,900

c) $17,200

d) $17,500