The table below shows the transactions for Sawyer Architecture Services during June. Greg Sawyer opened this business on June 1 with a capital investment of $74,000 (Transaction 1).

Assets =Liab.+ Owner's Equity

Transaction Cash Accts.Rec. Supp. Equip. Accts.Pay. G. Sawyer, Capital Rev. Exp.

1 +74,000 +74,000

2 8,600 +8,600

3 +5,600 +5,600

4 +4,080 +4,080

5 3,700 3,700

6 + 710 710

7 2,800 2,800

8 490 ______ +490______ ________ _______ ______ ______

Bal 59,120 4,890 +490 +12,680 =4,080 +71,200 +5,600 3,700

What was the net income or net loss for Sawyer Architecture Services for the month of June?