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At year - end 2 0 0 2 , Yung.com had notes payable of $ 1 2 0 0 , accounts payable of $ 2

At year-end 2002, Yung.com had notes payable of $1200, accounts payable of $2400, and long-term debt of $3000. Corresponding entries for 2003 are $1600, $2000, and $2800. Asset values are below. During 2003, Yung.com had sales of $6000, cost of goods sold of $400, depreciation of $100, and interest paid of $150. The (average) tax rate is 21% and all taxes are paid currently.
Current Asset
2002
2003
Cash
$800
$500
Marketable securities
400
300
Accounts receivable
900
800
Inventory
1800
2000
Fixed Assets
Net Fixed Asset (Plant&Equipment)
$6000
$8000
In 2003, the net income is $______________

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