Based on the following selected financial information for, Financial Accounting

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Based on the following selected financial information for

Based on the following selected financial information for Sheets Clinicworks, calculate net income for 2003. 2002 2003 Dividends paid $400 $700 Accts. payable/accr. 300 500 Long-term debt 2,300 2,000 Common stock 2,200 3,000 Retained earnings 6,150 6,350

A. $100

B. $300

C. $500

D. $700

E. $900

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