TB MC Qu. 13-56 (Algo) The following pre-closing accounts... The following pre-closing accounts and balances were drawn from the records of Carolina Company on December 31, Year 1: Cash $4,500 Accounts receivable $3,900 Dividends 2,500 Common stock 4,400 Land 3,700 Revenue 3,700 Accounts payable 2,050 Expense 2,450 Retained earnings 6,400 What is the amount of net income that will be reported on the Year 1 income statement? What is the amount of net income that will be reported on the Year 1 income statement? :46 Multiple Choice $3,700 $450 $1,250 $2,450