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12. Given the following adjusted tabular summary accounts: Cash $1656 Accounts Receivable $2048 Inventory $3210 Prepaid Rent $84 Equipment $310 Accumulated depreciation-equipment $52 Accounts Payable

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12. Given the following adjusted tabular summary accounts: Cash $1656 Accounts Receivable $2048 Inventory $3210 Prepaid Rent $84 Equipment $310 Accumulated depreciation-equipment $52 Accounts Payable $78 Unearned Service Revenue $114 Common Stock $218 Retained Earnings $6650 Service Revenue $364 Interest Revenue $56 Salaries and Wages Expense $160 Travel Expense $64 Net Income for the year is: A. $576 B. $196 C. $420 D. $366

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