The Following Pre-Closing Accounts and Balances Were Drawn from the Records

Multiple Choice

The following pre-closing accounts and balances were drawn from the records of Carolina Company on December 31, Year 1: $$\begin{array} { l lll} \text { Cash } & \$ 4,000& \text { Accounts receivable } & \$3,400\\\text { Dividends} &2,000& \text { common stock } & 3,900 \\\text { Land } & 3,200 &\text { Revenue } &3,200 \\\text { Accounts payable } & 1,800 &\text { Expense } & 2,200\end{array}$$

What is net income that will be shown on Carolina's Year 1 income statement?

A) $2,200
B) $3,200
C) $1,000
D) $200