The following pre-closing accounts and balances were drawn from the records of Carolina Company on December 31, Year 1: $3,400 Accounts receivable 1,700 Common stock 2,000 Revenue 1,050 Expense Cash Dividends Land Accounts payable What is net income that will be shown on Carolina's Year 1 income statement? Multiple Choice $850 $650 $2.000 $ 1,450 2,175 2,000 1,150

The following pre-closing accounts and balances were drawn from the records of Carolina Company on December 31 , Year 1 : What is net income that will be shown on Carolina's Year 1 income statement? Multiple Choice $850 $650 $2,000