Presented below is selected information related to Flanagan Company at December 31, 2017. Flanagan reports financial information monthly. Equipment Cash Service Revenue Rent Expense Accounts Payable Supplies: Building $9,000 Advertising Expense $2,000 000 Accounts Receivable 9,000 21,000 Salaries and Wages Expense 7,000 4,000 Notes Payable 39,500 2,000 Owner's Drawings 2,000 7,500 Initial Investment 5,000 16,000 Utility Expense 3,000 Determine Net Income for month ending Dec. 31, 2017 Do not use $ sign on comma in answer. 11,000