Question: I need help with this financial accounting question using the proper accounting approach. A company had the following transactions during the period: Service revenue earned:

I need help with this financial accounting question using the proper accounting approach.

A company had the following transactions during the period: Service revenue earned: $7,500 Cash received from customers: $6,200 Operating expenses incurred: $3,800 Cash paid for expenses: $4,100 Interest expense for the period: $200 Dividends paid to shareholders: $600 What was the net income for the period? A. $2,300 B. $2,900 C. $3,500 D. $1,700

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