oe 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 $39,000 cash in the business in exchange for common stock.
2. Jackson contributed $114,000 of equipment to the business.
3. The company paid $3,400 cash to rent office space for the month of March.
4. The company received $30,000 cash for repair services provided during March.
5. The company paid $7,600 for salaries for the month of March.
6. The company provided $4,400 of services to customers on account.
7. The company paid cash of $1,900 for utilities for the month of March.
8. The company received $4,500 cash in advance from a customer for repair services to be provided in April.
9. The company paid Jackson $6,400 cash as a dividend.

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