These questions are based on the following information compiled for our company at the end of the current year:

Cash	$2,000
Accounts receivable	$2,500
Equipment	$200
Vehicle	$4,000
Accounts payable	$1,350
Unearned revenue	$700
Common stock	$1,000
Retained earnings	$3,950 (Balance as of January 1 of the current year)
Dividends	$500
Service revenue	$4,500
Salaries expense	$1,500
Rent expense	$300
Advertising expense	$500

Calculate the dollar amount for net income on our current years income statement (December 31).

[ Select ] ["$1,700", "$2,200", "$2,700", "$4,200"]

Calculate the dollar amount for retained earnings on our balance sheet at the end of the current year (December 31).

[ Select ] ["$5,150", "$6,150", "$5,650", "$7,650"]

Calculate the dollar amount for total assets on our balance sheet at the end of the current year (December 31).

[ Select ] ["$8,700", "$9,700", "$10,700", "$13,200"]