57:57 TB Problem 2-201 (Algo) The December 31, 2024,... The December 31, 2024, adjusted trial balance for Kline Enterprises was as follows: Account Title Accounts payable Accounts receivable Accumulated depreciation Common stock Cash Cost of goods sold Depreciation expense Equipment Interest expense Inventory Note payable (due in six months) Rent expense Retained earnings Salaries payable Sales revenue Salaries expense Totals Debit Net income (or loss) $ 189,000 45,000 499,000 79,000 738,000 9,000 169,000 49,000 139,000 $ 1,916,000 Credit $ 109,000 279,000 509,000 79,000 86,000 27,000 827,000 $ 1,916,000 Required: Assuming no income taxes, compute Kline's 2024 net income (or loss). Note: Loss amount should be indicated with a minus sign. 109000 + 279000 + 509000 >> % 7 4 1 ( powered by ClassCalcK a 8 5 2 ) 9 #

TB Problem 2-201 (Algo) The December 31, 2024,... The December 31, 2024, adjusted trial balance for Kline Enterprises was as follows: Required: Assuming no income taxes, compute Kline's 2024 net income (or loss). Note: Loss amount should be indicated with a minus sign