Ryan Cast started a business, Golf Clubs Inc, buying and re-selling used golf clubs. The business started in May and during its first month of business had the following transactions:

• Issued 2,000 shares of stock at $40 per share
• Bought 3,000 golf clubs at $6 per golf club
• Sold 800 golf clubs on credit for $10 per golf club
• Sold 700 golf clubs for $10 per golf club
• Purchased equipment for $12,000 cash. This equipment is estimated to last for 24 months.
• Purchased $1,000 advertising for May. Golf Clubs Inc will pay for the advertising in June.
• Golf Clubs Inc declared and paid a $700 dividend to its shareholders.

What is the net income (net loss) for Golf Clubs Inc for the month of May?

A	$3,800
B	$4,500
C	($4,500)
D	$5,500