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Northern Pine Company had the following account balances on December 31, 2017: Accounts Balances Cash $3,000 Accounts Receivable $3,500 Prepaid Insurance $2,800 Equipment $16,000 Accumulated
Northern Pine Company had the following account balances on December 31, 2017: Accounts Balances Cash $3,000 Accounts Receivable $3,500 Prepaid Insurance $2,800 Equipment $16,000 Accumulated Depreciation $7,000 Accounts Payable $1,500 Deferred Revenue $800 Notes Payable $1,200 Common Stock $3,200 Retained Earnings $8,600 Dividends $1,700 Service Revenue $18,200 Salaries Expense $9,250 Rent Expense $4,250 How much is Northern Pine Company's net income for the year ended December 31, 2017
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