Nelson Company experienced the following transactions during 2016, its first year in operation.

1.	Issued $6,600 of common stock to stockholders.
2.	Provided $2,900 of services on account.
3.	Paid $1,750 cash for operating expenses.
4.	Collected $2,200 of cash from accounts receivable.
5.	Paid a $130 cash dividend to stockholders.

35.

The amount of net income recognized on Nelson Company's 2016 income statement is:

$1,020.

$700.

$830.

$1,150.

36.

The amount of net cash flow from operating activities shown on Nelson Company's 2016 statement of cash flows is

$320.

$1,020.

$450.

$1,150.

37.

The total amount of assets shown on Nelson Company's December 31, 2016 balance sheet is:

$6,920.

$7,620.

$7,750.

$7,180.

38.

The amount of retained earnings appearing on Nelson Company's December 31, 2016 balance sheet is:

$1,150.

$830.

$7,620.

$1,020.