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Laramie Company had the following transactions during 2010: 21. Sales of $4,500 on account Collected $2,000 for services to be performed in 2011 Paid S1,125

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Laramie Company had the following transactions during 2010: 21. Sales of $4,500 on account Collected $2,000 for services to be performed in 2011 Paid S1,125 cash in salaries Purchased airline tickets for $250 in December for a trip to take place in 2011 . What is Laramie's 2010 net income using accrual accounting? a. $3,375 b. $5,375 c. $5,125 d. $3,125

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