During 2016,a Company Provided Services for Cash of $21,000 and Services

Multiple Choice

During 2016,a company provided services for cash of $21,000 and services on credit of $15,000.The company collected accounts receivable of $8,000 and incurred operating expenses of $22,700,$14,000 of which were paid during the year.The amount of net income (loss) for the year is:

A) $13,300
B) ($1,700)
C) $22,700
D) $6,300