The Sanchez Company provided the following balances at the end of its first year: Cash $ 2,500 Prepaid Rent 6,000 Accounts receivable 6,500 Accounts payable 3.400 Unearned Revenue 5.000 Notes payable 1,500 Owner's Capital 7.000 Owner's Drawings 1.000 Service Revenue 28,000 Expenses 13,000 How much was Sanchez's net income