The following accounts and balances were drawn from the records of Carolina Company on December 31, Year 1: Cash Dividends Land Accounts payable $1,800 $ 900 $1,200 $ 650 Accounts receivable Common stock Revenue Expense $1,050 $1,375 $1,200 $ 750 The amount of net income shown on Carolina's Year 1 income statement would amount to: o $250. o $450. o $1,200. o $750