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Vaughn Company had the following transactions during 2020: - Sales of $4700 on account - Collected $2200 for services to be performed in 2021 -

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Vaughn Company had the following transactions during 2020: - Sales of $4700 on account - Collected $2200 for services to be performed in 2021 - Paid $1650 cash in salaries - Purchased airline tickets for \$250 in December for a trip to take place in 2021 What is Vaughn's 2020 net income using accrual accounting? $5000. $3050. $5250. $2800

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