The Dyer Corporation began business operations on April 1, 20X9. The following transactions occurred during April 20X9: 1. The owner invested $32,000 in the company. 2. Inventory costing $13,000 was purchased. $900 in cash was paid; the remainder was put on account 3. Equipment costing $23,000 was purchased, of which one-half was paid in cash. The remainder was paid with a note payable. Ignore interest expense. Depreciation for the month relating to the equipment was $1,500. 4. The rent for April, May, and June 2009 was paid. The rent payment was $1,200. 5. Cash sales during the month totaled $8,900. The cost of the inventory sold was $5,100. 6. Credit sales during the month totaled $11,000. The cost of the inventory sold was $7,500. 7. The wages earned by the employees for the month were $4,000, although only $3,500 had been paid as of the end of the month. Given the previous transactions, determine the net income or loss using the accrual basis for the Dyer Corporation for the month of April, 20X9