Kilgore Company experience the following events during Its first accounting period. Issued common stock for $5,000 cash. Earned $3,000 of cash revenue. Paid a $4,000 cash to purchase land. Paid cash dividends amounting to $400. Paid $2, 200 of cash expenses. Based on this information the amount of net Income is $800. $400. $2, 200. $4, 400