The Gray Corporation completed the following transactions for the month:

1	Owners begin company by investing $30,000.
1	Purchased $10,000 of equipment which has a useful life of 5 years and is expected to be worthless at the end of that time.
1	Purchased a three-month insurance policy for $525.
9	Performed $6,000 of services to customers; sent bill.
15	Paid $300 for office supplies.
20	Received $1,200 from a customer for services sold in advance.
30	Paid employee payroll of $3,200.
30	Supplies on hand reported at $200.

Based on the transactions above, what was the companys net income for the month?