Table 1-1 Following is a random list showing the account balances of various assets, liabilities, revenues, and expenses for Spiffy's Garage at December 31, 2019, the end of its first year of operations. Accounts receivable $15 000 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 12 800 Gasoline expense 800 Salary payable 2 200 The owner, Spiffy Sloan, invested $22 600 at the beginning of the year and withdrew $5 000 during the year for personal use. Refer to Table 1-1. The net income or loss for the year was Select one: a. $12 800. b. $5 100. c. $5 900. d. $7 700.