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Norris Company experienced the following transactions during 2013, its first year in operation. Issued $6,000 of common stock to stockholders Provided $2.300 of services on

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Norris Company experienced the following transactions during 2013, its first year in operation. Issued $6,000 of common stock to stockholders Provided $2.300 of services on account Paid $1.600 cash for operating expenses Collected $1.900 of cash from accounts receivable Paid a $100 cash dividend to stockholders The amount of net income recognized on Norris Company's 2013 income statement is: $500 $400 $700 $600

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