Nelson Company experienced the following transactions during Year 1, its first year in operation. Issued $7,400 of common stock to


Nelson Company experienced the following transactions during Year 1, its first year in operation. Issued $7,400 of common stock to stockholders Provided $3,700 of services on account Paid $1,950 cash for operating expenses Collected $2,600 of cash from accounts receivable Paid a $170 cash dividend to stockholders What is the net income that will be reported for Year 1?


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