Crane Repair Inc. was started on May $1.$ A summary of May transactions is presented as follows.

Stockholders invested $$18,500$ cash in the business in exchange for common stock.

Purchased equipment for $$4,500$ cash.

Paid $$400$ cash for May office rent.

Paid $$600$ cash for supplies.

Incurred $$200$ of advertising costs in the Beacon News on account.

Received $$4,300$ in cash from customers for repair service.

Declared and paid a $$1,100$ cash dividend.

Paid part$-$time employee salaries $$900.$

Paid utility bills $$140.$

Performed repair services worth $$890$ on account.

Collected cash of $$120$ for services billed in transaction $(10).$

And then from an analysis of the retained earning columns compute the net income or net loss for may