Use the Following Information for Questions
Ling Company Had $\bullet$

Multiple Choice

Use the following information for questions
Ling Company had the following transactions during 2011:
$\bullet$ Sales of ¥9,000 on account
$\bullet$ Collected ¥4,000 for services to be performed in 2012
$\bullet$ Paid ¥1,250 cash in salaries
$\bullet$ Purchased airline tickets for ¥500 in December for a trip to take place in 2012
-What is Ling's 2011 net income using cash basis accounting?

A) ¥11,750.
B) ¥2,750.
C) ¥11,250.
D) ¥2,250.