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Crown company had the following transactions during 2021. Credit sales of $5,000 on account; Received...

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Accounting

Crown company had the following transactions during 2021. Credit sales of $5,000 on account; Received a $500 deposit for services to be performed in 2022, Paid $1,000 in cash for salaries for 2021; purchased baseball tickets for $200 for games to be played in 2022. What is Crown's net income in 2021 using accrual accounting?
$3,500.
$5,000.
$4,000.
$3,200

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