Springer Corporation Had the Following Transactions in August: Earned $2,000

Multiple Choice

Springer Corporation had the following transactions in August: Earned $2,000 of revenues on account; collected $4,000 from a customer for services provided last month; incurred $600 of repair expense and paid cash; paid $200 for rent that it owed from the previous month.
What is the net income in August?

A) $600
B) $4,000
C) $5,400
D) $1,400