A Company Completed the Following Transactions During the Month of October

Multiple Choice

A company completed the following transactions during the month of October: I. Purchased office supplies on account, $4800.
II. Provided services for cash, $22,000.
III. Provided services on account, $12,000.
IV. Collected cash from a customer on account, $7400.
V. Paid the monthly rent of $18,000.
What was the company's net income for the month?

A) $12,000
B) $16,000
C) $34,000
D) $52,000