Nelson Company Experienced the Following Transactions During Year 1, Its

Nelson Company experienced the following transactions during Year 1, its first year in operation. 1. Issued $12,000 of common stock to stockholders.
2) Provided $4,600 of services on account.
3) Paid $3,200 cash for operating expenses.
4) Collected $3,800 of cash from accounts receivable.
5) Paid a $200 cash dividend to stockholders.
The amount of net income recognized on Nelson Company's Year 1 income statement is:

A) $1,400.
B) $800.
C) $1,000.
D) $1,200.