During the month of February, Tom had the following transactions involving revenue and expenses:

Paid $75 phone bill

Provided services to clients for $1,200 cash

Paid salaries of $650 to employees

Paid $125 for computer maintenance

Provided services on account totaling $2,000

What was Tom’s net income or net loss for the period?

a. Net Income $350

b. Net Loss $1,650

c. Net Income $2,350

d. Net Income $3,200