can somebydy solve this question? And explain why the answer is 44,800

CORRECT The following events took place in 2012, the first year of operations for Ravenspear, Inc. a. Acquired $44,000 from the sale of common stock b. Paid $24,000 in advance, on April 1 for a one year lease on office space c. Purchased $16,400 in office supplies on account d. Earned and collected $21,000 for services rendered e. Accepted $84,000 in advance on May 1 for services to be rendered across the next 12 months f. Paid $10,000 cash on accounts payable g. A physical count on December 31 indicated that $2,200 in office supplies remain h. Adjusted records on December 31. What amount of income should be reported on the December 31 Income Statement? A) $11,200 Loss C) $21,000 Profit D) $69,000 Profit