Kilgore Company experienced the following events during its first accounting period.

$(1)$ Issued common stock for $$6,800$ cash.

$(2)$ Earned $$4,800$ of cash revenue.

$(3)$ Paid $$5,800$ cash to purchase land.

$(4)$ Paid cash dividends amounting to $$490.$

$(5)$ Paid $$2,380$ of cash expenses.

Based on this information the amount of net income is:

Multiple Choice

$$2,380.$

$$2,420.$

$$1,210.$

$$4,760.$