16 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 $4,000 $2,000 $3,200 $1,800 Accounts receivable Common stock Revenue Expense $3,400 $3,900 $3,200 $2,200 Ask Print The amount of net income shown on Carolina's Year 1 income statement would amount to: Multiple Choice $2,200. $3,200. $1,000 $200