ABC Company has the following accounts and balances at the end of the year: Cash, $1,600 Accounts Receivable, $350 Office Equipment, $5,000 Accounts Payable, $1,800 Income from Services, $4,500 Rent Expense, $770 Salaries Expense, $950 ABC Company, Capital at the beginning of the year was $3,200. ABC Company also withdrew $1,000 from the company during the year. What is net income for the year?

a. $2,780

b. $2,200

c. $1,720

d. $4,500