Assuming the owner's equity on 1 July 2014 was $120,000 and the owner withdrew $8,000 during the month but put back $30,000 as capital investments. If the owner's equity on 31 July 2014 was $100,000, the net profit/loss during the month of July 2014 was:
A) net loss of $2,000
B) net income of $15,000
C) net loss of $42,000
D) net income of $182,000