Question $32(5$ points$)$

Wang Company had the following transactions during $2013$:

Sales of $$10,800$ on account

Collected $$4,800$ for services to be performed in $2014$

Paid $$3\mathrm{.}100$ cash in salaries

Purchased airline tickets for $$600$ in December for a trip to take place in $2014$

What is Wang's $2013$ net income using cash basis accounting?

$$1,100$

$$2\mathrm{.}300$

$$12,500$

$$1,700$