Required information [The following information applies to the questions displayed below.) The following accounts and balances were drawn from the records of Carolina Company on December 31, 2016: Cash $1,400 $950 Accounts Receivable Common Stock Revenue 45 700 1,000 Dividends Land Accounts Payable 1,175 1,000 650 550 Expense The amount of net income shown on Carolina's 2016 income statement would amount to: Multiple Choice 4650 Required information Multiple Choice $650 $150 O $1,000 $350