What is the Net Income?

Lita Lopez started Biz Consulting, a new business, and completed the following transactions during its first year of operations. a. Lita Lopez invested $66,000 cash and office equipment valued at $39,000 in the company. b. The company purchased an office suite for $48,000 cash. C. The company purchased office equipment for $5,500 cash. d. The company purchased $3,400 of office supplies and $1,200 of office equipment on credit. e. The company paid a local newspaper $850 cash for printing an announcement of the office's opening. f. The company completed a financial plan for a client and billed that client $4,700 for the service. g. The company designed a financial plan for another client and immediately collected a $8,300 cash fee. h. Lita Lopez withdrew $900 cash from the company for personal use. i. The company received $3,700 cash as partial payment from the client described in transaction f. j. The company made a partial payment of $600 cash on the equipment purchased in transaction d. k. The company paid $1,900 cash for the office secretary's wages for this period