erienced the following events during its firstaccounting period,

Earned $$4,600$ of cas for $$6,600$ cash.

Paid $$5,600$ cash tosh revenue.

Paid cash dividen to purchase land.

Paid $$2,360$ of cash amounting to $$480.$

Based on this inform

$($istion the amount of net income is:

$$1,120$

$$2,360$

$$4,720$

$$2,240$