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Blue Spruce Corp. had the following transactions during 2016: Sales of $10440 on account Collected $4640 for services to be performed in 2017

Blue Spruce Corp. had the following transactions during 2016:

• Sales of $10440 on account

• Collected $4640 for services to be performed in 2017

• Paid $4350 cash in salaries for 2016

• Purchased airline tickets for $580 in December for a trip to take place in 2017.

What is Blue Spruce's 2016 net income using accrual accounting?

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