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Norris Company experienced the following transactions during its first year in operation. 1. Stockholders invested $6,000, cash, into the company. 2. Provided $2,400 of services on account. 3. Paid $1,800 cash to purchase a computer. 4. Collected $1,600 of cash from accounts receivable for previous month's services provided. 5. Paid $600 cash for this month's utilities. The amount of net income recognized on Norris Company's income statement is: $1,600.$3,400.$1,800$700. Question 6 Norris Company experienced the following transactions during its first year in operation. 1. Stockholders invested $6,000, cash, into the company. 2. Provided $2,400 of services on account. 3. Paid $1,800 cash to purchase a computer. 4. Collected $1,600 of cash from accounts receivable for previous month's services provided. 5. Paid $600 cash for this month's utilities. The total amount of assets shown on Norris Company's end-of-year balance sheet is