The following pre-closing accounts and balances were drawn from the records of Carolina Company on December 31, Year : Cash $ 1,400 Accounts receivable Dividends 700 Common stock Land 1,000 Revenue Accounts payable 550 Expense What is net income that will be shown on Carolina's Year 1 income statement? $ 950 1,175 1,000 650 Gomez Company collected $21,600 on September 1, Year 1 from a customer for services to be provided over a one-year period beginning on that date. How much revenue would Gomez Company report related to this contract on its income statement for the year ended December 31, Year 1? How much would it report as cash flows from operating activities for Year 1