It is your first day on the job at EquiPhase, and youve come across a set of seemingly random financial information. Your boss asks you to make sense of it all (and you are not quite sure that you need all the data).

Here are the data.

Year 1		Year 2 (p)
	Other expenses	308		238
	Depreciation	750		772
	Cost of goods sold	1,587		1,810
	Inventory	5,340		5,480
	Interest	267		301
	Sales	5,023		5,260
	Accounts receivable	2,836		3,095
	Short-term notes payable	429		597
	Long-term debt	8,055		9,702
	Net fixed assets	21,990		21,728
	Accounts payable	2,177		2,195
	Cash	1,640		1,712
	Dividends	344		408
	Tax rate	21%		21%

Analysis of Income Statement: What is the Net Income for Year 1 (to the nearest whole dollar)?

A. $1,888

B. $1,668

C. $1,393

D. $1,569

E. $3,128