The Graves Corporation started operations in March and had the following transactions:

1	Owners invested $8,000 to start company
1	Paid $1,200 rent for administrative offices
6	Provided services to customer who paid $550
12	Obtained a bank loan of $2,000
26	Received and paid utility bill for $125
30	Paid administrative employee payroll of $3,400

As a result of the information above, what is the companys net income for March?