Question $12$

$2\mathrm{.}5$ pts

Indiana Inc. provides services to retail customers. The company had the following transactions during January $2022.$

Received $$3,000$ from shareholders for new shares of stock issued during January.

Provided $$5,000$ of services to customers

Paid January rent on office sp$$ce$,$ $$600.$

Recorded January wages for employees, $$1,000.$ The employees will be paid on February $1,2022.$

Purchased land for $$10,000.$

Paid $$25$ for January interest expense.

What was January net income?

$$23,375$

$$3,375$

$$6,375$

$$1,625$

None of the other answers are correct.