Seikoson the 2017 Income Statement of Seikoson Shows Operating Revenues of of $130,800

Multiple Choice

Seikoson
The 2017 income statement of Seikoson shows operating revenues of $130,800, selling expenses of $37,100, general and administrative expenses of $34,900, interest expense of $900, and income tax expense of $11,430. Seikoson’s stockholders’ equity was $280,000 at the beginning of the year and $320,000 at the end of the year. The company has 20,000 shares of stock outstanding at December 31, 2017.

-Read the information about Cobb Company.What is Cobb's net income?

A) $1,600
B) $2,000
C) $2,200
D) $2,800