Refer to the following table:

1) The net incomeor loss for the year was

a) 7,700

b) 12,800

c) 5,900

d) 15,100

Following is a random list showing the account balances of various assets, liabilities, revenues, and expenses for Michael's Landscaping at December 31, 2013, the end of its first year of operations.
Accounts receivable	$25,000
Accounts payable	3,500
Salary expense	4,500
Repairs expense	800
Truck	8,500
Equipment	6,300
Notes payable	8,200
Cash	6,800
Supplies expense	1,600
Service revenue	22,800
Gasoline expense	800
Salary payable	2,200
The owner, Michael Mower, invested $22,600 at the beginning of the year and withdrew $5,000 during the year for personal use.