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Ren & Stimpy Co. had the following transactions during 2020: -Service revenue of $14,400 on account. Services were performed in 2020. -Paid $750 cash for

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Ren & Stimpy Co. had the following transactions during 2020: -Service revenue of $14,400 on account. Services were performed in 2020. -Paid $750 cash for supplies. None of the supplies were used in 2020. -Collected $6,000 cash for services to be performed in 2021. -Paid $5,625 cash in salaries for services performed by employees in 2020. What is Ren & Stimpy's 2020 net income using accrual basis accounting

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