Joe Jackson opened Jackson's Repairs on March 1 of the current year. During March, the following transactions occurred and were recorded in the company's books 1. Jackson invested $27,000 cash in the business in exchange for common stock 2. Jackson contributed $102,000 of equipment to the business. 3. The company paid $2.200 cash to rent office space for the month of March. 4. The company received $18,000 cash for repair services provided during March. 5. The company paid $6.400 for salaries for the month of March 6. The company provided $3,200 of services to customers on account. 7. The company paid cash of $700 for utilities for the month of March. 8. The company received $3,300 cash in advance from a customer for repair services to be provided in April. 9. The company paid Jackson $5,200 cash as a dividend. Based on this information, net income for March would be: Multiple Choice O $1,900 O $15.400 O $5,500 O $8.200