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The following information is obtained from the adjusted trial balance for Justine Incorporated at December 31, 2019 Accounts Payable $7,567 Accounts Receivable 14,678 Accumulated Depreciation

The following information is obtained from the adjusted trial balance for Justine Incorporated at December 31, 2019

Accounts Payable $7,567
Accounts Receivable 14,678
Accumulated Depreciation 3,000
Bank Loan, due June 1, 2020 7,000
Cash 1,700
Depreciation Expense 1,100
Dividends Declared 500
Equipment 15,000
Income Tax Expense 2,900
Income Tax Payable 1,300
Prepaid Rent 6,000
Prepaid Insurance 2,400
Retained Earnings 2,900
Revenue 55,000
Common Stock 10,000
Telephone Expense 1,400
Utilities Expense 8,089
Wages Expense 33,000

What is 2019 net income?

Group of answer choices

$8,511

$8,011

$2,900

$8,400

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