Following Is a List of Account Balances of Lincoln Lawn

Following is a list of account balances of Lincoln Lawn Services as of December 31, after the first year of operations. $$\begin{array} { | l | r | } \hline \text { Accounts Receivable } & \$ 6,000 \\\hline \text { Accounts Payable } & 5,000 \\\hline \text { Salaries Expense } & 7,000 \\\hline \text { Repairs Expense } & 900 \\\hline \text { Truck } & 11,000 \\\hline \text { Equipment } & 12,000 \\\hline \text { Notes Payable } & 26,100 \\\hline \text { Cash } & 20,000 \\\hline \text { Supplies Expense } & 200 \\\hline \text { Service Revenue } & 32,000 \\\hline \text { Gasoline Expense } & 7,200 \\\hline \text { Salaries Payable } & 1,200 \\\hline\end{array}$$ Calculate the net income.

A) $16,700
B) $31,100
C) $17,900
D) $49,000