The Colman Company completed the following transactions for the month: 1 Owners began company by investing $20,000. Purchased $23,040 of equipment which has a useful life of 6 years and is expected to be worthless at the end of that time. Performed $4,000 of services for customers. Purchased $200 of office supplies Received utility bill for $250; will be paid next month. Received $800 from a customer for services sold in advance. Paid employee payroll of $4,100. Supplies on hand reported at $60. 30 31 Based on the transactions above, what was the company's net income for the month? As needed, round your final answer to the nearest whole dollar