A company's December 31 work sheet for the current period appears below. Based on the information provided, what is net income for the current period?

	Unadjusted Trial Balance				Adjustments
	Debit		Credit		Debit		Credit
Cash	2,165
Accounts receivable	1,190				1,065
Prepaid insurance	1,790						840
Supplies	520						305
Equipment	8,510
Accumulated depreciationequipment			910				380
Accounts payable			1,330
Owner, Capital			10,250
Owner, Withdrawals	1,240
Fees earned			7,440				1,065
Rent expense	1,490
Salaries expense	2,490
Utilities expense	535
Insurance expense					840
Supplies expense					305
Depreciation expenseequipment					380
Totals	19,930		19,930		2,590		2,590

Multiple Choice

• $2,925.

• $1,400.

• $1,780.

• $3,990.

• $2,465.