what is the net income?

Problem 1-8A Analyzing effects of transactions LO P1, A1 Lita Lopez started Biz Consulting, a new business, and completed the following transactions during its first a. Lita Lopez invested $61,000 cash and office equipment valued at $32,000 in the company. b. The company purchased an office suite for $47,000 cash. c. The company purchased office equipment for $5,300 cash. d. The company purchased $3,900 of office supplies and $1,500 of office equipment on credit. e. The company paid a local newspaper $830 cash for printing an announcement of the office's opening. es f. The company completed a financial plan for a client and billed that client $4,800 for the service. g. The company designed a financial plan for another client and immediately collected a $8,400 cash fee. h. Lita Lopez withdrew $1,000 cash from the company for personal use. i. The company received $3,800 cash as partial payment from the client described in transaction f. j. The company made a partial payment of $750 cash on the equipment purchased in transaction d. k. The company paid $2,400 cash for the office secretary's wages for this period