12/31/20X1 12/31/20X2 Accounts Payable $3,000 $2,100 Accounts Receivable 4,400 5,200 Accumulated Depreciation 9,000 12,000 Cash 7,800 11,200 Equipment 22,000 22,000 Office Supplies 4,000 6,000 Prepaid Insurance Expense 1,800 2,200 Wages Payable 3,500 2,900 Assume Jarling declared and paid dividends during the twelve months ended 12/31/20X2 of $1,000 and collected new owner contributions of capital during this same time period in the amount of $2,000. What was Jarling's net income for the twelve months ended 12/31/20X2? $3,700 $4,700 None of the answers provided are correct. $5,100 $7,100 $4,100