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The following accounts and balances were drawn from the completed financial statements of Carolina Company on December 31. Year 1: Cash Dividends Land Accounts payable500Expense

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The following accounts and balances were drawn from the completed financial statements of Carolina Company on December 31. Year 1: Cash Dividends Land Accounts payable500Expense $1.200 Accounts receivable s 600 Common stock $ 900 Revenue $ 900 $1,075 $ 900 $ 600 The amount of net income shown on Carolina's Year 1income statement would amount to: Mutipie Chaice s900. $600 5300

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