Question: Please provide the solution to this general accounting question with accurate financial calculations. Summit Solutions Inc. had the following transactions during 2022: Sales of $15,000

Please provide the solution to this general accounting question with accurate financial calculations.

Summit Solutions Inc. had the following transactions during 2022: Sales of $15,000 on account. Collected $6,000 for services to be performed in 2023. Paid $3,500 cash in salaries for 2022. - Purchased equipment maintenance services for $1,000 in December for maintenance to be done in 2023. What is Summit Solutions' 2022 net mcome using accrual accounting

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