Orion, Inc. has the following transactions during the month of May:

• May 1: Prepaid three months of rent for $12,000, covering May through July.

• May 5: Collected $47,000 payment in advance for services to be performed. $25,000 of service is performed in May and the rest in June.

• May 18: Performed $8,500 of services, receiving $2,000 now and billing client for remainder.

• May 25: Received $900 from client billed on May 18.

• May 30: Received utility bill for May of $7,000; will pay in June.

What amount of Net Income would Orion record for May?