The following pre-closing accounts and balances were drawn from the records of Carolina Company on December 31, Year 1: Cash $ 4,000 Accounts receivable Dividends 2,000 Common stock Land 2,300 Revenue Accounts payable 1,200 Expense What is net income that will be shown on Carolina's Year 1 income statement? $ 1,600 2,475 2,300 1,300 07 Multiple Choice $2,300 $800 $1.000 en