Tiger Stripes Art School uses the accrual basis of accounting. The company's operating activities for the month of February are summarized in the following transactions: 1. Provided $1,500 of instructional lessons. 2. Received $2,100 cash from studentsof which $1,200 is for lessons provided in February, and $900 is for lessons provided in January. 3. Paid January's rental bill of $300. Received February's bill of $450 but did not pay. Determine the company's net income for February.

Multiple Choice

• $2,250

• $750

• $900

• $1,800