11. At the beginning of the current year, Trenton Company's total assets were $282,000 and its total liabilities were $192,000. During the year, the company reported total revenues of $127,000, total expenses of $93,000 and dividends of $22,000. There were no other changes in equity during the year and total assets at the end of the year were $294,000. Trenton Company's debt ratio at the end of the current year is:

12. At year-end, a trial balance showed total credits exceeding total debits by $5,600. This difference could have been caused by:

13.

Smiles Entertainment had the following accounts and balances at December 31:

Account	Debit			Credit
Cash	$	10,200
Accounts Receivable		2,040
Prepaid Insurance		2,480
Supplies		1,040
Accounts Payable				$	5,100
Common Stock					4,100
Retained Earnings					920
Service Revenue					7,200
Salaries Expense		520
Utilities Expense		1,040
Totals	$	17,320		$	17,320

Using the information in the table, calculate the company's reported net income for the period.