Springer Company, a sole proprietorship, had the following transactions in August Earned $4,000 of revenues on account, collected $4,000 from a customer for services provided last month; incurred $500 of repair expense and paid cash paid $500 for rent that it owed from the previous month. What is the net income in August? O A. $7,500 O B. $3,500 O C. $4,000 O D. $500 Click to select your answer G 1 6:06 PM /18/2020