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Question - Baxtor Company provides consulting services. Selected transactions of Baxtor Company are described as? follows:
?a) Received $10,800 cash from the? owner, Joe? Jones, as capital.
?b) Paid $2,800 cash for computer equipment for office use.
?c) Borrowed $11,400 from a local bank and deposited the money in the checking account.
?d) Paid $1,500 rent for the month.
?e) Paid $260 cash for office supplies to be used next year.
?f) Completed a consulting project for a local business and received $5,600 cash.
Required - What is the net income?
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