A Company experienced the following transactions during 2009. A. B. C. D. E. F. G. H. I. Issued Common Stock to investors in exchange for $5 ,000 cash. Provided $1 ,200 of services on account. Received $1 ,000 cash from customer for services to be performed over the next 3 months. Purchased $500 of supplies on account Collected $900 of cash from accounts receivable. Paid $350 cash on accounts payable. Supplies of $200 were used during 2009. Completed 75% of the work for customer from transaction "C" above. Paid monthly wages of $400 and utilities of $300. The amount of net income recognized on the Company's 2009 income statement is: a. $ 350 b. $1/)50 c. $1,600 d. $1950