During August, 2010, Joe's Supply Store generated revenues of $30,000. The company expenses were as follows: cost

Question:

During August, 2010, Joe's Supply Store generated revenues of $30,000. The company expenses were as follows: cost of goods sold of $12,000 and operating expenses of $2,000. The company also had rent revenue of $500 and a gain on the sale of a delivery truck of $1,000. Joe's net income for August, 2010 is:
a. $16,500
b. $16,000
c. $18,000
d. $17,500