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. Minnie Mouse Company had the following transactions during 2020. Sales of $9,000 on account Collected $4,000 for services to be performed in 2021 Paid

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. Minnie Mouse Company had the following transactions during 2020. Sales of $9,000 on account Collected $4,000 for services to be performed in 2021 Paid $2,650 cash in salaries Purchased airline tickets for $350 in December for a trip to take place in 2021 . . What is Minnie Mouse's 2020 net income using cash basis accounting? $10,000 $1,000 $9,850 $850

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