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The following pre-closing accounts and balances were drawn from the records of Carolina Company on December 31, Year 1; Cash Dividends Land Accounts payable $ 4,200 Accounts receivable 2,100 Common stock 2,400 Revenue 1,250 Expense $ 1,650 2,575 2,400 1,350 What is net income that will be shown on Carolina's Year 1 income statement? Multiple Choice $1,050 $2.400 $1,350 $850 The following pre-closing accounts and balances were drawn from the records of Carolina Company on December 31. Year 1: Cash $ 4,000 Accounts receivable $ 1,600 Dividends 2,000 Common stock 2,475 Land 2,300 Revenue 2,300 Accounts payable 1,200 Expense 1,300 What is the amount of total assets on Carolina's December 31, Year 1 balance sheet? Multiple Choice $6,300 $7.900 $9,900 $10,200