Parri Corp. has following transactions during July: a. Common stock of $4,000 was issued to a stockholder in exchange for equipment. b. Provided services of $9,000. Received $7,150 and billed client for the rest. c. Performed $6,400 of services which had been previously paid for by client in June. d. Received July's electric bill of $800; will pay in August. e. Traded $2,000 of inventory for printing equipment. f. Paid $6,000 covering the next six months of rent (July - December). How much net income would Parri report for July under the ACCRUAL basis