Following is a list of account balances of Morris Mowing Services as of December 31 of the first year of operations

Accounts Receivable $6,000
Accounts Payable 7,000
Salaries Expense 6,000
Repairs Expense 900
Truck 12,000
Equipment 9,000
Notes Payable 24,000
Cash 12,000
Supplies Expense 9,000
Service Revenue 24,000
Gasoline Expense 7,100
Salaries Payable 1,500

Calculate the net income.
A) $1,000
B) $31,300
C) $2,800
D) $34,100

A .Service Revenue $24,000
Salaries Expense (6,000 )
Repairs Expense (900 )
Supplies Expense (9,000 )
Gasoline Expense (7,100 )
Net income $1,000