Nelson Company experienced the following transactions during Year 1, its first year in operation. Issued $8,200 of common stock to stockholders Provided $4,500 of services on account Paid $2,150 cash for operating expenses Collected $3,000 of cash from accounts receivable Paid a $210 cash dividend to stockholders What is the net income that will be reported for Year 1? Multiple Choice $2,350 O $1.500 O $2.140 $1,710 O