You are logged in as Sunny Carolus Notebook Question 12 Not yet answered Points out of 3.00 P Flag question Questions 11 and 12 are based on the following facts: Hardin Company began operations in 2017. During! the year, the following cash transactions occurred: CHECK YOURS Second in the 1. issued stock for $40,000 2. borrowed $24,000 from bank 3. provided services to customers for $53,000 cash 4. paid back $8,000 of the loan from the bank 5. paid rent expense, $9,000 6. purchased equipment costing $19,000 7. paid operating expenses, $ 29,000 8. paid $4,000 dividend to stockholders Assuming that Hardin engaged in no transactions during the year other than those listed above, what was the amount of net income or loss for the year? RECORDING BV ACCOUNTING LO 1-4 Show bow bu Asset Source Tran table options Select one: O a. $19,000 net income, EVENT L Rustic acquired $120,000 When RCS stoc Since the action ansaction in O b. $15,000 net income. O O c. $12,000 net income, d. $11,000 net loss. Question 13