Business
Business, 21.04.2020 19:26, clipsyden

Nelson Company experienced the following transactions during Year 1, its first year in operation. Issued $7,000 of common stock to stockholders. Provided $3,300 of services on account. Paid $1,850 cash for operating expenses. Collected $2,400 of cash from accounts receivable. Paid a $150 cash dividend to stockholders. The amount of net income recognized on Nelson Company's Year 1 income statement is:

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