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Thelman Company reported the following balances at June 30, the end of the fiscal year: Net Sales $10,200 Cost of Goods Sold $5,000 Operating Expenses

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Thelman Company reported the following balances at June 30, the end of the fiscal year: Net Sales $10,200 Cost of Goods Sold $5,000 Operating Expenses $2,500 Interest Revenue $700 Dividends $400 What is the net income for Thelman Company for the fiscal year? Select one: a. $3,000 b. $3,400 C. $2,000 d. none of the above e. $2.700

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