Toole Company Had the Following Transactions During 2016 $\bullet$ Sales of $4200 on Account

Multiple Choice

Toole Company had the following transactions during 2016:
$\bullet$ Sales of $4200 on account
$\bullet$ Collected $2600 for services to be performed in 2017
$\bullet$ Paid $1630 cash in salaries
$\bullet$ Purchased airline tickets for $450 in December for a trip to take place in 2017
What is Toole's 2016 net income using cash basis accounting?

A) $520.
B) $970.
C) $4720.
D) $5170.