Question: Issued common stock for $ 1 0 , 0 0 0 cash. Earned $ 8 , 0 0 0 of cash revenue. Paid $ 1

Issued common stock for $10,000 cash.
Earned $8,000 of cash revenue.
Paid $1,000 cash to purchase land.
Paid cash dividends amounting to $500.
Paid $4,400 of cash expenses.
Based on this information, what is the amount of net income?
$2,100
$5,600
$3,600
$2,600
 Issued common stock for $10,000 cash. Earned $8,000 of cash revenue.

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