9.

Stockton Company Adjusted Trial Balance December 31 Cash 5,876 Accounts Receivable 2,786 Prepaid Expenses 630 Equipment 13,317 Accumulated Depreciation 9,945 Accounts Payable 1,593 Notes Payable 5,249 Common Stock 1,000 Retained Earnings 2,021 Dividends 773 Fees Earned 8,030 Wages Expense 3,111 Rent Expense 799 Utilities Expense 301 Depreciation Expense 185 Miscellaneous Expense 60 Totals 27,838 27,838 Determine the net income (loss) for the period. Oa. Net income $2,801 Ob. Net loss $2,801 Oc. Net loss $3,574 Od. Net income $3,574