Summit Services had the following transactions in 2023: ⚫ Services performed on account for $12,000 ⚫ Received $6,000 cash for services to be performed in 2024 ⚫ Paid $5,250 in wages for 2023 ⚫ Paid $800 in December for insurance coverage in 2024 What is Summit's 2023 net income using accrual accounting?

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