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On June 1. Sami established a new company. The following transactions were completed during the month 1. Invested $15,000 cash to start the company. 2.

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On June 1. Sami established a new company. The following transactions were completed during the month 1. Invested $15,000 cash to start the company. 2. Paid $600 cash for June office rent. 3. Purchased equipment for 3.000 cash. 4. Incurred 5700 of advertising costs in the Chicago Tribune on account. 5. Paid $900 cash for office supplies. 6. Performed services worth $14771: $3,000 cash is received from customers, and the rest is billed to customers on account. 7. Withdrew $600 cash for personal use. 8. Paid Chicago Tribune 5500 of the amount due in transaction (4). 9. Paid employees salaries $2.500. 10. Received $4.000 in cash from customers who have previously been billed in transaction (6). Required: compute the net income or net loss for June. a 31171.00 b. 34171.00 O c 10371,00 d. 10971.00

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