Exhibit 17-3 on January 1, 2014, Dundee Co

Exhibit 17-3 On January 1, 2014, Dundee Co. sold 100 contracts at $500 each. Each contract permitted the buyer to use a repair bay six times and a paint bay nine times.
Additional information: In 2014, the repair bay was used 180 times and the paint bay was used 162 times.
-Refer to Exhibit 17-3. What net income (loss) should be recognized by Dundee in 2014?

A) $2,590 loss
B) $1,160 income
C) $1,210 income
D) $2,640 loss