(Answered) During 2016 a company provided services for cash of 21000

Accounting

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:

$13,300 $1,700 $22,700 $6,300

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