The following accounts and balances were drawn from the records of Carolina Company on December 31, 2016:

Cash	$3,800		Accounts Receivable	$1,550
Dividends	1,900		Common Stock	2,375
Land	2,200		Revenue	2,200
Accounts Payable	1,150		Expense	1,250

1. Total assets on Carolina's December 31, 2016 balance sheet would amount to:

a) $9,450

b) $6,000

c) $9,750

d) $7,550

2. The amount of net income shown on Carolina's 2016 income statement would amount to:

a) $2,200

b) $750

c) $1,250

d) $950

3. The amount of Carolina's retained earnings after closing on December 31, 2016 was:

a) $4,025

b) $3,075

c) $6,000

d) $4,975