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Problem: Module 2 Textbook Problem 9 Learning Objective: 2.6 Show how accounting for credit card sales affects financial statements Luna Company accepted credit cards in

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Problem: Module 2 Textbook Problem 9 Learning Objective: 2.6 Show how accounting for credit card sales affects financial statements Luna Company accepted credit cards in payment for $7,450 of services performed during July. The credit card company charged Luna a 3.80 percent service fee: it paid Luna as soon as it received the invoices. Required Based on this information alone, what is the amount of net income earned during the month of July? (Do not round intermediate values. Round final answer to 2 decimal places.)

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