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What is the amount of net income that will be reported on the Year 1 income statement?

The following pre-closing accounts and balances were drawn from the records of Carolina Company on December 31, Year 1:
 

Cash	$	3,600		Accounts receivable	$	1,500
Dividends		1,800		Common stock		2,275
Land		2,100		Revenue		2,100
Accounts payable		1,100		Expense		1,200
Retained earnings		4,725

What is the amount of net income that will be reported on the Year 1 income statement?