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Golden Enterprises started the year with the following: Assets $121,000; Habathus $41,500. Common $100k$71,500, Retained Earnings $8,000, During the year, the company eamed revenue of

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Golden Enterprises started the year with the following: Assets $121,000; Habathus $41,500. Common $100k$71,500, Retained Earnings $8,000, During the year, the company eamed revenue of $6,400, all of which wos recelved in cash, and incurred expenses of $3700, all of which were unpaid as of the end of the yeat: in axfdition, the company paid dividends of $2,400 to owners. Assume no other activitues occuired during the yeac. The amount of colden's net income for the year is: Muliple Choice $2700 $3700 $6,400 $2,400

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