What is

Xcel

Company's net income or net loss if it had Revenue of

$2,500,

Salary Expense of

$500,

Utility Expense of

$550,

and Withdrawals of

$3,000

during October?

A.

$1,550

net loss

B.

$1,450

net loss

C.

$1,550

net income

D.

$1,450

net income