Sovec

During March, the following transactions occurred:

The company paid $$2,000$ cash to rent office space for the month of March.

The company received $$16,000$ cash for repair services provided during March.

The company paid $$6,200$ for salaries for the month of March.

The company provided $$3,000$ of services to customers on account.

The company paid cash of $$500$ for utilities for the month of March.

The company received $$3,100$ cash in advance from a customer for repair services to be provided in April.

The company purchased $$5,000$ of land for cash.

Based on this information, net income for March would be:

Multiple Cholce

$$10,300.$

$$13,500$

$$5,300$

$$13,400.$

$$8,400.$

$MC$

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