The accounts in the ledger of Monroe Entertainment Co. are listed in alphabetical order. All accounts have normal balances.

Account Payable	$433		Fees Earned	$2,485
Accounts Receivable	$677		Insurance Expense	$410
Prepaid Insurance	$4,585		Land	$1,598
Cash	$440		Wages Expense	$724
Drawing	$350		Capital	$5,866

Determine the net income.

Select the correct answer.

$5,866

$7,300

$1,351

$433 $2,485