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Nicole's bookkeeper records three items: $1,000 of prepaid expense being used $5,000 cash collected from earnings recorded in the prior period $3,000 accrual of

Nicole's bookkeeper records three items: $1,000 of prepaid expense being used $5,000 cash collected from earnings recorded in the prior period $3,000 accrual of revenue What is Net Income for the current period? O a. $8,000 O b. $7,000 Oc. $4,000 O d. $2,000 O O e. $3,000

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